https://www.taxtmi.com/caselaws?id=183281 The Tribunal partially allowed the assessee's appeals, directing the AO to estimate income at 8% on main contract receipts and 5% on sub-contract receipts, aligning with prior assessments. The Tribunal dismissed the assessee's challenge against the mandatory levy of interest under sections 234B and 234C, citing the binding precedent of the SC. en-us Fri, 27 May 2011 00:00:00 +0530 Thu, 04 Jul 2024 16:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183281 The Tribunal partially allowed the assessee's appeals, directing the AO to estimate income at 8% on main contract receipts and 5% on sub-contract receipts, aligning with prior assessments. The Tribunal dismissed the assessee's challenge against the mandatory levy of interest under sections 234B and 234C, citing the binding precedent of the SC. Case-Laws Income Tax Fri, 27 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183281