https://www.taxtmi.com/caselaws?id=33530 The court ruled in favor of the assessee, holding that the disallowance of head office expenses and the addition of estimated profits on contract receipts were not justified. The court found that the allocation of expenses to the project would not impact income determination significantly and that the assessee had consistently followed an accepted method in previous years. Therefore, the court upheld the assessee's method and answered in favor of the assessee, citing a previous judgment involving similar issues. en-us Tue, 27 Jan 2009 00:00:00 +0530 Fri, 22 May 2009 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33530 The court ruled in favor of the assessee, holding that the disallowance of head office expenses and the addition of estimated profits on contract receipts were not justified. The court found that the allocation of expenses to the project would not impact income determination significantly and that the assessee had consistently followed an accepted method in previous years. Therefore, the court upheld the assessee's method and answered in favor of the assessee, citing a previous judgment involving similar issues. Case-Laws Income Tax Tue, 27 Jan 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33530