Court Finds A.O. Wrong in Including Work in Progress for Net Profit Estimation on Civil Contracts.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Rejection of books pf accounts - estimation of net profit from civil contract receipts - A.O. is not correct in including the work in progress for the purpose of determining the gross receipts for estimation of net profit. - AT....