Taxpayer files ITR-2 instead of ITR-4, reports business income under wrong head; here’s how ITAT deals
Published on: July 14, 2026, 7:21 p.m. | Source: The Financial Express
The Bangalore ITAT ruled that income estimation for a civil contractor without regular books must be reasonable and based on past accepted profit margins, affirming a 6% profit rate over an arbitrary 10% estimate.
