https://www.taxtmi.com/caselaws?id=178482 The Tribunal upheld the original decision on various issues raised by the assessee, including the estimation of income from contract receipts at a net profit rate of 12.5% for both own contracts and subcontracts, taxation of interest receipts on bank deposits, taxation of sale proceeds of materials used in construction, and treatment of interest income. The Tribunal dismissed the assessee's arguments for differential rates and separate treatment of certain sale proceeds, affirming that the entire contract receipts should be taxed uniformly and rejecting pleas for rectification or exclusion of specific components from income computation. en-us Fri, 12 Oct 2012 00:00:00 +0530 Wed, 07 Jun 2017 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178482 The Tribunal upheld the original decision on various issues raised by the assessee, including the estimation of income from contract receipts at a net profit rate of 12.5% for both own contracts and subcontracts, taxation of interest receipts on bank deposits, taxation of sale proceeds of materials used in construction, and treatment of interest income. The Tribunal dismissed the assessee's arguments for differential rates and separate treatment of certain sale proceeds, affirming that the entire contract receipts should be taxed uniformly and rejecting pleas for rectification or exclusion of specific components from income computation. Case-Laws Income Tax Fri, 12 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178482