Estimation of business income of owning fleet and operating as a ...

Taxpayer's Business Income from Transport Contracting Set at 3% of Gross Receipts, Not 8% as Initially Assessed.

July 18, 2015

Case Laws Income Tax AT

Estimation of business income of owning fleet and operating as a transport contractor - @ 3% of the gross receipts as against 8% estimated by the AO - the past history in Assessee’s case would not be the appropriate yardstick to estimate income. - AT

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Estimation of business income of owning fleet and operating as a ...

Taxpayer's Business Income from Transport Contracting Set at 3% of Gross Receipts, Not 8% as Initially Assessed.

July 18, 2015

Case Laws Income Tax AT

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