https://www.taxtmi.com/caselaws?id=240751 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to estimate income at specific rates for different types of contracts. It upheld the allowance of remuneration, interest on capital, and depreciation, except for depreciation, which was deemed to have been already considered in estimating income. The impugned order was set aside, and the matter was remanded for reassessment in line with previous Tribunal decisions, with specific directions on the treatment of income components. en-us Thu, 31 Jan 2013 00:00:00 +0530 Wed, 11 Dec 2013 09:36:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=240751 The Tribunal partially allowed the assessee's appeal, directing the Assessing Officer to estimate income at specific rates for different types of contracts. It upheld the allowance of remuneration, interest on capital, and depreciation, except for depreciation, which was deemed to have been already considered in estimating income. The impugned order was set aside, and the matter was remanded for reassessment in line with previous Tribunal decisions, with specific directions on the treatment of income components. Case-Laws Income Tax Thu, 31 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=240751