https://www.taxtmi.com/caselaws?id=407778 The ITAT upheld the AO's estimation of net profit at 10% of the gross receipts, set aside the CIT(A)'s enhancement of income, and allowed the deduction under section 80IB(11A) on the estimated business profit. The appeals for AYs 2014-15 and 2015-16 were decided similarly, with the ITAT partly allowing the appeals in favor of the assessee. en-us Wed, 12 May 2021 00:00:00 +0530 Thu, 20 May 2021 11:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407778 The ITAT upheld the AO's estimation of net profit at 10% of the gross receipts, set aside the CIT(A)'s enhancement of income, and allowed the deduction under section 80IB(11A) on the estimated business profit. The appeals for AYs 2014-15 and 2015-16 were decided similarly, with the ITAT partly allowing the appeals in favor of the assessee. Case-Laws Income Tax Wed, 12 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407778