https://www.taxtmi.com/caselaws?id=180184 The Tribunal allowed the assessee's appeal, directing income estimation based on the main contract amount excluding subcontract payments at 5%. The disallowance of machinery hire charges was set at 50% of the charges received due to lack of separate accounts. Additional income added by the assessing officer was not sustained as the returned income was not accepted. The Tribunal also condoned the delay in filing the appeal. The Revenue's Cross Objection was dismissed as infructuous. en-us Fri, 16 Dec 2011 00:00:00 +0530 Fri, 18 Mar 2016 12:20:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180184 The Tribunal allowed the assessee's appeal, directing income estimation based on the main contract amount excluding subcontract payments at 5%. The disallowance of machinery hire charges was set at 50% of the charges received due to lack of separate accounts. Additional income added by the assessing officer was not sustained as the returned income was not accepted. The Tribunal also condoned the delay in filing the appeal. The Revenue's Cross Objection was dismissed as infructuous. Case-Laws Income Tax Fri, 16 Dec 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180184