https://www.taxtmi.com/caselaws?id=353261 The Tribunal dismissed the appellant-revenue's challenge to the Income Tax Appellate Tribunal's decision, which deleted the addition made by the Assessing Officer in a civil construction business for the assessment year 2007-08. The Assessing Officer's estimation of net profit at 8% based on discrepancies in expenses was overturned by the Commissioner (Appeals) and upheld by the Tribunal, emphasizing the sufficiency of documentation provided during assessment. The Tribunal found no substantial question of law for review, affirming the lower authorities' decisions. en-us Wed, 13 Dec 2017 00:00:00 +0530 Sat, 30 Dec 2017 11:08:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=353261 The Tribunal dismissed the appellant-revenue's challenge to the Income Tax Appellate Tribunal's decision, which deleted the addition made by the Assessing Officer in a civil construction business for the assessment year 2007-08. The Assessing Officer's estimation of net profit at 8% based on discrepancies in expenses was overturned by the Commissioner (Appeals) and upheld by the Tribunal, emphasizing the sufficiency of documentation provided during assessment. The Tribunal found no substantial question of law for review, affirming the lower authorities' decisions. Case-Laws Income Tax Wed, 13 Dec 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=353261