Profit estimation of 10% instead of 8% adopted under presumptive taxation scheme justified

Shiv Shakti Construction Vs ACIT (ITAT Delhi) ITAT Delhi held that estimation of profit at 10%, instead of 8% as adopted under presumptive scheme of taxation provided u/s. 44AD, justified as the same is guided by the principles of objectivity, fairness and consideration of justice. Facts- The assessee a partnership firm is engaged in 100% Government contracts only and is a government approved civil contractor. The assessee is engaged in the execution of irrigation development activities including earth work, canal lining works, river and canal protection works and other work of similar nature....