Case Law Details
Case Name : MD Yasin Construction Pvt Ltd Vs ACIT (ITAT Ranchi)
Related Assessment Year : 2015-16
Courts :
All ITAT ITAT Ranchi
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MD Yasin Construction Pvt Ltd Vs ACIT (ITAT Ranchi)
In the case of MD Yasin Construction Pvt Ltd Vs ACIT (ITAT Ranchi), the Income Tax Appellate Tribunal (ITAT) remanded the matter back to the Commissioner of Income Tax (Appeals) (CIT(A)) due to a procedural lapse. The appeal contested the addition of ₹54,70,260 to the company’s income, which was estimated by the Assessing Officer (AO) at a 10% profit margin without rejecting the company’s books of account. The AO’s estimate was challenged on grounds that it was based on assumptions and lacked comparative suppor
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