https://www.taxtmi.com/caselaws?id=77789 The High Court upheld the Tribunal's decision regarding the addition to income and profit estimation for a partnership firm engaged in government projects for the assessment year 2002-03. The Court found the estimation of profits at 8% of contract receipts to be reasonable under Section 44AD due to the firm's lack of proper accounts. The Court dismissed the Revenue's appeal, affirming the Tribunal's decision as valid and judicious. en-us Mon, 25 Aug 2008 00:00:00 +0530 Mon, 11 Oct 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77789 The High Court upheld the Tribunal's decision regarding the addition to income and profit estimation for a partnership firm engaged in government projects for the assessment year 2002-03. The Court found the estimation of profits at 8% of contract receipts to be reasonable under Section 44AD due to the firm's lack of proper accounts. The Court dismissed the Revenue's appeal, affirming the Tribunal's decision as valid and judicious. Case-Laws Income Tax Mon, 25 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77789