PRINCIPAL COMMISSIONER OF INCOME TAX-9, KOLKATA vs. M/S. JAY BHARAT CONSTRUCTION
In the result, the appeal filed by the revenue is
ITAT/135/2021HC Calcutta22 Aug 2022
Bench: HON'BLE JUSTICE T. S. SIVAGNANAM,HON'BLE JUSTICE HIRANMAY BHATTACHARYYA
Section 142(1)Section 143(3)Section 260ASection 40
158/- and the balance addition was directed to be
deleted.
Aggrieved by such order, the revenue preferred appeal before the
learned Tribunal. The learned Tribunal has extracted the findings recorded by
the CITA and opined that the CITA has estimated the assessee’s profit at 12%
under the peculiar circumstances and by exercising his co-terminus powers as
that
