BEKKAM CONSTRUCTIONS,HYDERABAD vs. INCOME TAX OFFICER, WARD-15(3), HYDERABAD
In the result, appeal of the assessee is allowed
ITA 134/HYD/2018[2013-14]Status: DisposedITAT Hyderabad24 Nov 2021AY 2013-14
Bench: Shri Satbeer Singh Godara & Shri Laxmi Prasad Sahuassessment Year: 2013-14 Bekkam Constructions, Vs. Income-Tax Officer, Hyderabad. Ward – 15(3), Hyderabad. Pan – Aaffb 6928B (Appellant) (Respondent) Assessee By: Shri K.C. Devdas Revenue By: Shri Rohit Mujumdar Date Of Hearing: 23/11/2021 Date Of Pronouncement: 24/11/2021
For Appellant: Shri K.C. DevdasFor Respondent: Shri Rohit Mujumdar
Section 133ASection 143(3)Section 271(1)(c)Section 274
71,341/-. The total income consists an amount of Rs.98,81,636/- (estimated income @ 8% on the gross receipts of Rs. 12,35,20,450/-) and Interest income on FOR of Rs.89,705/-. Since the addition made in the assessment on account of estimation on gross receipts as against the income declared by the assessee was in the nature