https://www.taxtmi.com/caselaws?id=26102 The court upheld the Tribunal's decision to exclude material value for the Patratu Thermal Power Plant contract in determining net profit. However, the issue concerning the contract with the Housing Department of the Government of Bihar was left unresolved due to ambiguity regarding the contractual relationship and material control. The court directed the Tribunal to investigate the material control matter in alignment with legal precedents before addressing the specific contract issue. en-us Fri, 05 Apr 1985 00:00:00 +0530 Tue, 02 Feb 2010 17:24:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26102 The court upheld the Tribunal's decision to exclude material value for the Patratu Thermal Power Plant contract in determining net profit. However, the issue concerning the contract with the Housing Department of the Government of Bihar was left unresolved due to ambiguity regarding the contractual relationship and material control. The court directed the Tribunal to investigate the material control matter in alignment with legal precedents before addressing the specific contract issue. Case-Laws Income Tax Fri, 05 Apr 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26102