https://www.taxtmi.com/caselaws?id=66958 The Tribunal partly allowed the appeal, ruling in favor of the appellant on the inclusion of profit under section 41(2) of the IT Act, 1961. The Tribunal held that actual depreciation allowed should be considered for calculating profit, not notional allowances. Additionally, the Tribunal upheld the income estimation from truck operations, deeming it reasonable and not excessive. en-us Wed, 31 May 1978 00:00:00 +0530 Tue, 08 Mar 2011 13:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66958 The Tribunal partly allowed the appeal, ruling in favor of the appellant on the inclusion of profit under section 41(2) of the IT Act, 1961. The Tribunal held that actual depreciation allowed should be considered for calculating profit, not notional allowances. Additionally, the Tribunal upheld the income estimation from truck operations, deeming it reasonable and not excessive. Case-Laws Income Tax Wed, 31 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66958