M/s Hycons Infrastructure (India) Ltd. Versus Dy. Commissioner of Income-tax - Income Tax - ITAT HYDERABAD - Tri - Civil contract works Estimation of income at the rate of 8 percent - Held that - Assessee has not produced books of account before the AO and in the absence of books of account, it is difficult to verify the reasons for earning lesser profit as contended by Assessee Following order of The Special Bench of the ITAT in the case of M/s Arihant Builders Vs. ACIT 2012 (10) TMI 702 - ITAT AMRITSAR - Es................................... Income Tax - Case Laws
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