ITAT Cuttack Voids Income Estimation Without Books Rejection

Sat Inder Constructions Private Limitd Vs DCIT ASMNT (ITAT Cuttack) The Income Tax Appellate Tribunal (ITAT) Cuttack has allowed an appeal by Sat Inder Constructions Private Limited, ruling that an income estimation made by the Assessing Officer (AO) was unsustainable because the assessee’s books of account were not formally rejected under Section 145 of the Income Tax Act, 1961. The decision was pronounced on July 17, 2025. The case pertains to the Assessment Year 2017-18. Sat Inder Constructions Private Limited, engaged in civil contract business, had filed its return of income on Nove...