2010 (1) TMI 382

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....- We have heard advocate Sri P. Balakrishnan appearing for the appellant and standing counsel appearing for the respondent. Of the three issues raised in the appeal filed by the assessee, we notice that the first two pertain to estimation of income under various heads which got modified by the two appellate authorities. We do not find any substantial question of law arising in regard to estimation....

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....2, we do not think the decision of the Supreme Court supports the assessee's case because in that case the claim of the assessee was that besides trading in timber, the assessee was letting out the truck on hire. On the other hand, in this case the assessee being a contractor has used the equipment namely, tippers and JCB for his own business and occasionally the items were let on hire earning hir....