ASR ENGINERING & PROJECTS LIMITED (FORMERLY SAI SUDHIR INFRASTRUCTURES LIMITED), ,HYDERABAD vs. DY. COMMISSIONER OF INCOME TAX, CENTRAL CIRCLE-1(3), HYDERABAD

In the result, a) ITA Nos

Bench: Smt. P. Madhavi Devi & Shri S. Rifaur Rahmansrl Appeal Number Pan A.Y. Appellant Respondent 1

f) of para 6, the learned CIT-DR mentions that the sub contractors did not maintain any books of account. In this regard, it is submitted firstly that this is not relating to the assessee. In so far as the assessee is concerned, it maintained books of account. The Assessing Officer has chosen to estimate the income at 12.5% rejecting