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Showing contexts for: turnover decrease in D. Viswanath Reddy & Company, Kurnool vs Department Of Income Tax on 9 July, 2014Matching Fragments
M/s. D. Viswanatha Reddy & Co.
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3. Aggrieved by the above assessment u/s. 143(3), the assessee firm has preferred an appeal before the CIT(A)- IV, Hyderabad. The CIT(A) had upheld the decision of the AO on adoption of the turnover and given part relief to the assessee firm by decreasing the percentage of profit from 12.5% to 6% on the turnover.