https://www.taxtmi.com/caselaws?id=70891 The ITAT ruled in favor of the assessee, dismissing the Revenue's appeal on both issues concerning the deduction of work-in-progress and material cost under section 44A and the assessment of profits from the truck-plying business under section 44AE for a specific period. The decision emphasized the binding nature of CBDT's Instructions on Revenue authorities, highlighting the importance of adherence to established guidelines and policies in tax matters for fair enforcement and public interest. en-us Tue, 25 Sep 2001 00:00:00 +0530 Tue, 19 Apr 2011 18:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70891 The ITAT ruled in favor of the assessee, dismissing the Revenue's appeal on both issues concerning the deduction of work-in-progress and material cost under section 44A and the assessment of profits from the truck-plying business under section 44AE for a specific period. The decision emphasized the binding nature of CBDT's Instructions on Revenue authorities, highlighting the importance of adherence to established guidelines and policies in tax matters for fair enforcement and public interest. Case-Laws Income Tax Tue, 25 Sep 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70891