ACIT, CIRCLE-33, KOLKATA, KOLKATA vs. M/S. G. D. CONSTRUCTION & CO., KOLKATA

In the result, Revenue’s appeal stands dismissed

Bench: Shri Aby.T Varkey & Shri Waseem Ahmedassessment Year :2010-11

271A of the Act. 6.3 We also find that various Tribunal’s orders as well as judgments of various Hon'ble High Courts have held that profit declared in the contractor business @ 4 to 6% is quite reasonable some of the cases are listed below:- 3. In the case of Metropolitan Engg. Co. Opt. Society Ltd. vs. ACIT ITA No.s