https://www.taxtmi.com/caselaws?id=67756 The Tribunal partially allowed the appeal by directing the exclusion of the cost of building materials from total receipts and applying the net profit rate to the net receipts. Additionally, the Tribunal deleted the addition of Rs. 10,000 for cash credit and canceled the penalty for concealment of income under Section 271(1)(c) as the cash credit was found to be genuine. en-us Tue, 31 Jul 1979 00:00:00 +0530 Mon, 14 Mar 2011 14:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67756 The Tribunal partially allowed the appeal by directing the exclusion of the cost of building materials from total receipts and applying the net profit rate to the net receipts. Additionally, the Tribunal deleted the addition of Rs. 10,000 for cash credit and canceled the penalty for concealment of income under Section 271(1)(c) as the cash credit was found to be genuine. Case-Laws Income Tax Tue, 31 Jul 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67756