https://www.taxtmi.com/caselaws?id=66321 The Tribunal partially allowed the appeal by maintaining income estimates for two lorries and reducing the estimate for one. It clarified that the insurance amount received should not be included in the profit calculation under section 41(2) concerning the sale of a lorry. The matter was remanded to the Income Tax Officer for recalculating the profit without considering the insurance amount. en-us Fri, 07 Feb 1986 00:00:00 +0530 Wed, 23 Feb 2011 15:41:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66321 The Tribunal partially allowed the appeal by maintaining income estimates for two lorries and reducing the estimate for one. It clarified that the insurance amount received should not be included in the profit calculation under section 41(2) concerning the sale of a lorry. The matter was remanded to the Income Tax Officer for recalculating the profit without considering the insurance amount. Case-Laws Income Tax Fri, 07 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66321