https://www.taxtmi.com/caselaws?id=362407 The High Court upheld the Tribunal's decision on the application of the gross profit rate for construction activities, taxing only the profit element at an 8% ratio. The Court also affirmed the principle of taxing only the peak credit in cases of undisclosed receipts and payments, in line with established precedents. No substantial legal questions were found in the Tribunal's judgment, leading to the dismissal of the Tax Appeals. en-us Wed, 14 Feb 2018 00:00:00 +0530 Mon, 25 Jun 2018 09:01:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=362407 The High Court upheld the Tribunal's decision on the application of the gross profit rate for construction activities, taxing only the profit element at an 8% ratio. The Court also affirmed the principle of taxing only the peak credit in cases of undisclosed receipts and payments, in line with established precedents. No substantial legal questions were found in the Tribunal's judgment, leading to the dismissal of the Tax Appeals. Case-Laws Income Tax Wed, 14 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=362407