Assessment completed by AO relying on estimations cannot be remanded back by CIT to reverify some aspects of estimation relied on

Brief of the case: The ITAT Hyderabad in the case of Sri Surakshitha Homes vs. ITO held that where the AO has assessed income on estimation basis then CIT cannot order to revise the assessment by picking and choosing some aspects of estimation to be re-verified. Therefore, the assessment cannot be remanded back to AO to afresh examination of some aspects of estimation made by AO. Facts of the case: The assessee is a partnership firm engaged in the business of real estate. It purchases lands and after developing the same into residential and commercial plots, sells such plot. A survey under ...