2021 (4) TMI 953

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....for the A.Y 2010-11 against the order of the CIT (A)-6, Hyderabad, dated 25/10/2019. 2. Brief facts of the case are that the assessee individual, carrying on contract business, filed his return of income for the A.Y 2010-11 on 15.10.2010 admitting a total income of Rs. 12.00 lakhs. Pursuant to the selection of return of income of the assessee for scrutiny through CASS to examine various receipt....

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....A), the assessee is in appeal before the Tribunal by raising the following grounds of appeal: "I. Estimated Net Income at 8% on the Gross Contract Bills Rs. 51,66,770/- which works out to Rs. 4,13,337/-as against admitted Income of Rs. 73,312/- Consequential addition of Income Rs. 3,40,025/- Disputed Tax Rs.l,02,039/- Same uphold by the C I T Appeals (i) The learned Commissioner ....

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....e GP Addition from 6% to 5% Addition sustained Rs. 1.82.250/- Disputed Tax Rs. 54. 675/- (i) The learned Cl T Appeals who appreciated the reasons for admitting Low Gross Profit of 4.52% Viz., Already tendered work allotted to the Appellant -All of a sudden the work to be executed at two different places was reduced the Tender Rate by the contractee suo motu. (ii) to add to this C....

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....and the contract receipts. (8,19,022/- minus Rs. 6,38,691/pertaining to the Assessmentyear2011-12. The Cl T Appeals has no statutory power to conduct any enquiry relevant to the Assessment year 2011-12 which is not in dispute before the Cl T Appeals. Without establishing guilt and without making enquiries and without issuing show-cause notice. addition made is unauthorized addition may be set asid....