ASSISTANT COMMISSIONER OF INCOME TAX, CIRCLE - 2, DIBRUGARH vs. T & T PROJECTS LTD., GUWAHATI
In the result and for the reasons discussed above, we find no merit in this appeal
ITA 208/GTY/2017[2010-11]Status: DisposedITAT Guwahati02 Aug 2019AY 2010-11
Bench: Shri A. T. Varkey, Jm &Dr. A.L.Saini, Am आयकरअपीलसं./Ita No.208/Gau/2017 ("नधा"रणवष" / Assessment Year:2010-11)
For Appellant: Shri A.K. Bhardwaj, Addl. CITFor Respondent: Shri Ramesh Goenka, Advocate
Section 143(3)Section 147Section 148
27,08,650/-. The original assessment of the assessee was completed under section 143(3) of the Income Tax Act, 1961, on 31.03.2013 by computing the net profit of the assessee @ 5% of gross receipts at Rs.4,11,14,825 ( 5% of the gross receipts Rs.82,22,96,500). However, later on, it was observed by AO, that the assessee
