https://www.taxtmi.com/caselaws?id=39020 The High Court of GAUHATI ruled in favor of the building contractor, holding that no profit element should be considered in the materials supplied by the M.E.S. department for construction works. The court affirmed the Tribunal's decision that net profit should be calculated based on net receipts without adding a percentage for the materials supplied. The judgment aligned with precedents from the Madras and Kerala High Courts, rejecting the department's argument supported by the Punjab and Haryana High Court decision. Judges D. PATHAK and M. C. PATHAK concurred with the decision, resolving the issue in favor of the assessee without awarding costs. en-us Fri, 13 Aug 1976 00:00:00 +0530 Mon, 12 Apr 2010 10:40:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39020 The High Court of GAUHATI ruled in favor of the building contractor, holding that no profit element should be considered in the materials supplied by the M.E.S. department for construction works. The court affirmed the Tribunal's decision that net profit should be calculated based on net receipts without adding a percentage for the materials supplied. The judgment aligned with precedents from the Madras and Kerala High Courts, rejecting the department's argument supported by the Punjab and Haryana High Court decision. Judges D. PATHAK and M. C. PATHAK concurred with the decision, resolving the issue in favor of the assessee without awarding costs. Case-Laws Income Tax Fri, 13 Aug 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39020