2014 (6) TMI 1049

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....ders of the CIT(A), Guntur dated 19.11.2013. Revenue is aggrieved that the CIT(A) has given relief without calling for a remand report and allowed the appeal on the basis of the submissions of the assessee. It is also contended that assessee has not submitted any details as called for during the assessment proceedings leading to completion of assessment exparte under section under section 144 of t....

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....e profit shown in the books of accounts is true and correct. 4. Ld. CIT(A) considering the submissions of the assessee and the facts of the case as mentioned by the A.O. noticed that assessee is only a sub-contractor and margin of profit is expected to be lower than what a contractor would achieve. Ld. CIT(A) noticed that the profits in the given line of business will vary from assessee to assess....