https://www.taxtmi.com/caselaws?id=39518 In estimating a contractor's profits, the value of materials supplied by the Government was included in the contractor's receipts for turnover computation. The High Court followed its earlier ruling on the same point and held that such material formed part of the receipts relevant to profit estimation, despite a contrary view taken by another High Court. en-us Wed, 26 Sep 1973 00:00:00 +0530 Fri, 16 Apr 2010 18:52:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39518 In estimating a contractor's profits, the value of materials supplied by the Government was included in the contractor's receipts for turnover computation. The High Court followed its earlier ruling on the same point and held that such material formed part of the receipts relevant to profit estimation, despite a contrary view taken by another High Court. Case-Laws Income Tax Wed, 26 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39518