https://www.taxtmi.com/caselaws?id=216059 The ITAT upheld the CIT(A)'s decision to grant deductions to the assessee for the rate difference between CPWD rates and local rates at 15% and for self-supervision at 10%. The tribunal emphasized the acknowledged rate variance and the unique circumstances of the case, supporting the deductions based on precedents and the advantageous position of the assessee in negotiating construction costs. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision as fair and reasonable. en-us Fri, 08 Jun 2012 00:00:00 +0530 Mon, 27 Aug 2012 15:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216059 The ITAT upheld the CIT(A)'s decision to grant deductions to the assessee for the rate difference between CPWD rates and local rates at 15% and for self-supervision at 10%. The tribunal emphasized the acknowledged rate variance and the unique circumstances of the case, supporting the deductions based on precedents and the advantageous position of the assessee in negotiating construction costs. The Revenue's appeal was dismissed, affirming the CIT(A)'s decision as fair and reasonable. Case-Laws Income Tax Fri, 08 Jun 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216059