https://www.taxtmi.com/caselaws?id=218323 The ITAT upheld the estimation of net profit at 8% on the total turnover, dismissing the appellant's argument that it exceeded the turnover limit under section 44AD. Additionally, the ITAT confirmed the addition of sale proceeds of scrap material as income from other sources, separate from contract receipts. The disallowance under section 40(a)(ia) was upheld due to the appellant's default under TDS provisions. The ITAT did not address the general grounds raised, leading to the dismissal of the appellant's entire appeal. en-us Wed, 06 Jun 2012 00:00:00 +0530 Sat, 10 Nov 2012 09:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=218323 The ITAT upheld the estimation of net profit at 8% on the total turnover, dismissing the appellant's argument that it exceeded the turnover limit under section 44AD. Additionally, the ITAT confirmed the addition of sale proceeds of scrap material as income from other sources, separate from contract receipts. The disallowance under section 40(a)(ia) was upheld due to the appellant's default under TDS provisions. The ITAT did not address the general grounds raised, leading to the dismissal of the appellant's entire appeal. Case-Laws Income Tax Wed, 06 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=218323