https://www.taxtmi.com/caselaws?id=183009 The ITAT directed the AO to compute the total income in line with its decisions on various issues, ensuring the assessed income does not fall below the returned income. Both the assessee's and revenue's appeals were partly allowed. The ITAT confirmed the CIT (A)'s estimation of net profit rates for civil construction contracts, sand sales, and other income sources, while also allowing deductions for remuneration and interest but denying depreciation initially, which was later directed to be allowed as a statutory deduction. en-us Mon, 30 Nov 2015 00:00:00 +0530 Thu, 26 May 2016 08:41:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183009 The ITAT directed the AO to compute the total income in line with its decisions on various issues, ensuring the assessed income does not fall below the returned income. Both the assessee's and revenue's appeals were partly allowed. The ITAT confirmed the CIT (A)'s estimation of net profit rates for civil construction contracts, sand sales, and other income sources, while also allowing deductions for remuneration and interest but denying depreciation initially, which was later directed to be allowed as a statutory deduction. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183009