https://www.taxtmi.com/caselaws?id=268625 The revenue's challenge against the addition of Rs. 39,61,815/- for the assessment year 2008-09 was dismissed. The ld. CIT(Appeals) accepted the assessee's argument that the entire sale value of Hot Mix material should not be treated as profit, leading to the deletion of part of the addition. The rejection of books of account under section 145(3) of the Act was upheld, justifying the estimation of profit at 8% of contract receipts. The Tribunal upheld the deletion of a significant portion of the addition, resulting in the dismissal of the departmental appeal. en-us Wed, 07 Oct 2015 00:00:00 +0530 Mon, 30 Nov 2015 12:53:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=268625 The revenue's challenge against the addition of Rs. 39,61,815/- for the assessment year 2008-09 was dismissed. The ld. CIT(Appeals) accepted the assessee's argument that the entire sale value of Hot Mix material should not be treated as profit, leading to the deletion of part of the addition. The rejection of books of account under section 145(3) of the Act was upheld, justifying the estimation of profit at 8% of contract receipts. The Tribunal upheld the deletion of a significant portion of the addition, resulting in the dismissal of the departmental appeal. Case-Laws Income Tax Wed, 07 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=268625