1976 (5) TMI 36

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....the Central Railways and the M.E.S. He returned an income of Rs. 18,050 for the previous year ending 31st March, 1972, relevant for the asst. yr. 1972-73. While completing his assessment under s. 143(3) of the IT Act, 1961, the ITO estimated the cost of materials supplied to the assessee by the Railways and the M.E.S. for the purpose of executing the works entrusted to him and added the same to th....

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....tered into by the assessee with the Central Railways and the M.E.S. during the year under appeal. It is seen therefrom that in respect of the work relating to construction of 16 units Type 11 quarters at Jabalpur for the Central Railways, cement was supplied to the assessee for execution of the work by the Central Railways and deductions for such cement supplies were made @ Rs. 11 per bag of 50 Kg....

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....ing between the assessee on one hand and the Railways and the M.E.S. on the other, that the concerned Department was to supply the required cement for the execution of the works, under those agreements and that the rates quoted by the assessee had been adjusted on that basis. It therefore, follows that there was no question of the assessee's purchasing these materials required for the works from o....