https://www.taxtmi.com/caselaws?id=234741 The Tribunal found that the disallowances and enhancements made by the AO and CIT(A) were not justified. It concluded that the contractor could not have executed the work without incurring the claimed expenses. The Tribunal directed the AO to re-compute the income using a reasonable net profit rate. The appeal was partly allowed on 18th June 2013. en-us Tue, 18 Jun 2013 00:00:00 +0530 Wed, 26 Jun 2013 08:06:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234741 The Tribunal found that the disallowances and enhancements made by the AO and CIT(A) were not justified. It concluded that the contractor could not have executed the work without incurring the claimed expenses. The Tribunal directed the AO to re-compute the income using a reasonable net profit rate. The appeal was partly allowed on 18th June 2013. Case-Laws Income Tax Tue, 18 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234741