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Karnataka High Court Ruling on Tax Appeal by a7032954433 is a document available to read on EtoBox.

The High Court of Karnataka ruled on an appeal concerning the income assessment of a PWD contractor for the assessment year 2000-01, where the Assessing Officer initially estimated the net profit at 8% due to lack of proper documentation. The Commissioner of Income-tax (Appeals) increased this estimate to 28%, which the Tribunal later reduced to 15%, but the court found that neither authority conducted a proper inquiry as required by law. Consequently, the court set aside the orders of both the Tribunal and

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a7032954433

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