TaxTMI 
TaxTMI 
2021 (4) TMI 953
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....f 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 receipts of "contractors business" , assessment ....
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....ibunal 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 of Income tax Appeals totally misconstrued the facts of ....
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....ed 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 Cement Steel, Metal, Sand and Petrol Diesel Rates, Labour charges have gone up. ....
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.... 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 aside. For these and other reasons as may be urged at the time of hearing of the Appeal the Additio....