https://www.taxtmi.com/caselaws?id=406837 The Tribunal upheld the income estimation at 8% on main contracts and 5% on sub-contracts, as determined by the CIT (A). Additionally, the Tribunal supported the CIT (A)'s decision to enhance the income by Rs. 6,38,691 and directed the Assessing Officer to verify the connection between disclosed amounts in subsequent years and contract amounts for the relevant assessment year. Consequently, the appeal challenging the income estimation and enhancement was dismissed. en-us Thu, 22 Apr 2021 00:00:00 +0530 Fri, 23 Apr 2021 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406837 The Tribunal upheld the income estimation at 8% on main contracts and 5% on sub-contracts, as determined by the CIT (A). Additionally, the Tribunal supported the CIT (A)'s decision to enhance the income by Rs. 6,38,691 and directed the Assessing Officer to verify the connection between disclosed amounts in subsequent years and contract amounts for the relevant assessment year. Consequently, the appeal challenging the income estimation and enhancement was dismissed. Case-Laws Income Tax Thu, 22 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406837