https://www.taxtmi.com/caselaws?id=217548 The Tribunal upheld the CIT(A)'s decision to allow the assessee's claim for labour charges, emphasizing the reasonableness of the expenses based on improved net profit percentage and decreased percentage of labour charges to turnover. Despite the Assessing Officer's rejection of the accounts, the Tribunal found no justification for disallowing any part of the labour expenses. The Revenue's appeal was dismissed, affirming the allowance of the labour charges claimed by the assessee. The decision was pronounced on 5th October 2012. en-us Fri, 05 Oct 2012 00:00:00 +0530 Mon, 15 Oct 2012 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217548 The Tribunal upheld the CIT(A)'s decision to allow the assessee's claim for labour charges, emphasizing the reasonableness of the expenses based on improved net profit percentage and decreased percentage of labour charges to turnover. Despite the Assessing Officer's rejection of the accounts, the Tribunal found no justification for disallowing any part of the labour expenses. The Revenue's appeal was dismissed, affirming the allowance of the labour charges claimed by the assessee. The decision was pronounced on 5th October 2012. Case-Laws Income Tax Fri, 05 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217548