SHRI PATEL ENTERPRISES,,KORBA(CG) vs. DY. COMMISSIONER OF INCOME TAX, CIRCLE- KORBA,
In the result, the appeal of the assessee is partly allowed for statistical purpose in terms of our observations as discussed herein above
ITA 112/BIL/2017[2012-13]Status: DisposedITAT Raipur21 Sept 2022AY 2012-13
Bench: Shri Ravish Sood, Jm & Shri Arun Khodpia, Am आयकर अऩीऱ सं./Ita No.112/Rpr/2017 (ननधाारण वषा / Assessment Year : 2012-2013) M/S Patel Enterprises, Vs Dcit, Circle-Korba A-3, Vikas Complex, First Floor, Power House Road, Korba (C.G.) Pan No. : Aajfm 0718 Q (अऩीऱाथी /Appellant) (प्रत्यथी / Respondent) ..
For Appellant: Shri Prakash Chand Agrawal, CAFor Respondent: Shri P.K.Mishra, CIT-DR
Section 143(1)Section 251
section 29 to 43C of IT Act. The amount of Rs. 44480842/- includes Rs. 8283976/- should have been reduced from the amount of Rs. 44480842/-. After subtraction of indirect incomes the correct amount comes to Rs. 36196866/- to be subtracted from Rs. 45841461/- as 5% applied on the gross contract receipt of the assessee. Thus the addition should \ have been
