https://www.taxtmi.com/caselaws?id=64616 The Tribunal held that the business was not discontinued, and the receipts were taxable as business receipts. A net profit rate of 12.5% was applied to contract receipts. Costs and interest awarded by the court were included in the assessee's income. The appeal was allowed in part. en-us Fri, 28 Nov 1975 00:00:00 +0530 Wed, 09 Feb 2011 10:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64616 The Tribunal held that the business was not discontinued, and the receipts were taxable as business receipts. A net profit rate of 12.5% was applied to contract receipts. Costs and interest awarded by the court were included in the assessee's income. The appeal was allowed in part. Case-Laws Income Tax Fri, 28 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64616