https://www.taxtmi.com/caselaws?id=213057 The High Court upheld the ITAT's decisions on substantial questions of law raised by both the Revenue and the Assessee. The Court ruled in favor of the Assessee regarding the method of accounting for expenses and receipts and the treatment of investments made by partners in the firm. Additionally, the Court upheld the ITAT's decision to disallow expenses on material purchases and hire charges, as well as the sufficiency of opportunities given during assessment proceedings. The judgments provided detailed analyses of the legal issues involved, supporting the decisions reached by the ITAT. en-us Tue, 17 Apr 2012 00:00:00 +0530 Sat, 05 May 2012 11:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213057 The High Court upheld the ITAT's decisions on substantial questions of law raised by both the Revenue and the Assessee. The Court ruled in favor of the Assessee regarding the method of accounting for expenses and receipts and the treatment of investments made by partners in the firm. Additionally, the Court upheld the ITAT's decision to disallow expenses on material purchases and hire charges, as well as the sufficiency of opportunities given during assessment proceedings. The judgments provided detailed analyses of the legal issues involved, supporting the decisions reached by the ITAT. Case-Laws Income Tax Tue, 17 Apr 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213057