Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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Informative
ITAT affirms 8% Profit Rate Estimation for Government Contractor
Income TaxOther Legal Matters
The ITAT has affirmed an 8% profit rate estimation for a government contractor. The tribunal emphasized the need for a reasonable basis for estimations. This decision clarifies the process for estimating profits. The ruling clarifies the application of estimation methods.
