https://www.taxtmi.com/caselaws?id=180724 The Tribunal partially allowed the assessee's appeal by sustaining an addition of Rs. 3,11,263 and deleting a balance addition of Rs. 32,74,285 in the contract account. The Tribunal also ruled in favor of the assessee by treating income from interest derived from FDRs and NSC as business income, resulting in the deletion of an additional Rs. 80,468. The issue of charging interest under sections 234B and 234D was deemed consequential. Additionally, the Tribunal upheld the deletion of Rs. 26,77,950 related to labour charges but allowed disallowance for tractor hire and JCB operator charges. The Revenue's appeal was dismissed. en-us Wed, 25 Jul 2012 00:00:00 +0530 Fri, 01 Apr 2016 10:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180724 The Tribunal partially allowed the assessee's appeal by sustaining an addition of Rs. 3,11,263 and deleting a balance addition of Rs. 32,74,285 in the contract account. The Tribunal also ruled in favor of the assessee by treating income from interest derived from FDRs and NSC as business income, resulting in the deletion of an additional Rs. 80,468. The issue of charging interest under sections 234B and 234D was deemed consequential. Additionally, the Tribunal upheld the deletion of Rs. 26,77,950 related to labour charges but allowed disallowance for tractor hire and JCB operator charges. The Revenue's appeal was dismissed. Case-Laws Income Tax Wed, 25 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180724