https://www.taxtmi.com/caselaws?id=472354 Revisionary jurisdiction under section 263 may be sustained where profit is estimated on reduced work receipts despite TDS-backed total contract receipts, without examining subcontract arrangements and related commission income. However, subcontracted receipts cannot automatically be subjected to the same flat profit rate applied to other receipts merely because related income remains unverified. Income attributable to subcontracted work requires factual verification of the income disclosed, while revision remains confined to the inadequately examined assessment. en-us Fri, 28 Aug 2015 00:00:00 +0530 Thu, 08 Oct 2026 18:31:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472354 Revisionary jurisdiction under section 263 may be sustained where profit is estimated on reduced work receipts despite TDS-backed total contract receipts, without examining subcontract arrangements and related commission income. However, subcontracted receipts cannot automatically be subjected to the same flat profit rate applied to other receipts merely because related income remains unverified. Income attributable to subcontracted work requires factual verification of the income disclosed, while revision remains confined to the inadequately examined assessment. Case-Laws Income Tax Fri, 28 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472354