ITAT Rules Separate Addition under Section 69A Cannot Survive Once Income is Estimated on Gross Turnover:
The ITAT Visakhapatnam observed that estimation of profit must be based on the facts of each assessment year and reduced the profit rate from 8% to 5%
ITAT Reduces Estimated Business Profit to 5%
Saima
Jul 13, 2026Premium
ITAT Rules Separate Addition under Section 69A Cannot Survive Once Income is Estimated on Gross Turnover
The ITAT Visakhapatnam observed that estimation of profit must be based on the facts of each assessment year and reduced the profit rate from 8% to 5%
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Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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