https://www.taxtmi.com/caselaws?id=406274 The tribunal allowed the assessee's appeals partly, directing the deletion of additions related to unexplained cash credits, share application money, and unsecured loans. The tribunal upheld the 8% profit assessment on contractual receipts but directed a 5% assessment on sub-contract receipts. Scrap sales income was to be assessed under the business head at 8%. Issues regarding TDS credit and differences in contract receipts were referred back to the Assessing Officer for verification. The tribunal pronounced the order on 06-04-2021. en-us Tue, 06 Apr 2021 00:00:00 +0530 Sat, 10 Apr 2021 09:03:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=406274 The tribunal allowed the assessee's appeals partly, directing the deletion of additions related to unexplained cash credits, share application money, and unsecured loans. The tribunal upheld the 8% profit assessment on contractual receipts but directed a 5% assessment on sub-contract receipts. Scrap sales income was to be assessed under the business head at 8%. Issues regarding TDS credit and differences in contract receipts were referred back to the Assessing Officer for verification. The tribunal pronounced the order on 06-04-2021. Case-Laws Income Tax Tue, 06 Apr 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=406274