ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed

Bench: Shri V. Durga Rao & Shri D.S. Sunder Singhappellant Respondent

section 10A(7) r.w.s. 80IA(10) of the Act and viewed that estimation the extent of 70% of the profits declare is reasonable and accordingly allowed the exemption of 70% of the profits declared and the remining 30% of the profits are directed to be taxed. Accordingly, the Ld.CIT(A) partly allowed the appeal of the assessee in respect

ANNAPURNA BUSINESS SOLUTIONS, HYD,HYDERABAD vs. DCIT, CENTRAL CIRCLE-3, HYD, HYDERABAD

In the result appeals of the revenue are partly allowed and the appeals of the assessee are allowed