https://www.taxtmi.com/caselaws?id=331694 The appeal by the revenue was dismissed, and the cross objection by the assessee was partly allowed. The Tribunal upheld the CIT(A)'s decisions regarding the adoption of the net profit rate and the deletion of additional receipts. It also directed the deletion of separate additions for interest income and other income, affirming that these should be considered part of the contract business once the net profit rate is applied. en-us Wed, 20 Jul 2016 00:00:00 +0530 Wed, 31 Aug 2016 09:04:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331694 The appeal by the revenue was dismissed, and the cross objection by the assessee was partly allowed. The Tribunal upheld the CIT(A)'s decisions regarding the adoption of the net profit rate and the deletion of additional receipts. It also directed the deletion of separate additions for interest income and other income, affirming that these should be considered part of the contract business once the net profit rate is applied. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331694