https://www.taxtmi.com/caselaws?id=234903 The Tribunal upheld the validity of proceedings initiated under Section 263 of the Income Tax Act, directing the AO to add Rs.42,28,292/- to the assessee's income and determine profit from sub-contract work. Disallowances were made for excess sales tax payment, departmental recoveries, and interest accrued but not paid. The Tribunal remitted various issues back to the AO for fresh consideration, emphasizing the need for proper examination and opportunities for the assessee to present their case. The direction to initiate proceedings under Section 201(1A) for non-deduction of tax at source was deemed beyond the CIT's jurisdiction, requiring the AO to redo the assessment independently. en-us Fri, 28 Jun 2013 00:00:00 +0530 Wed, 03 Jul 2013 08:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=234903 The Tribunal upheld the validity of proceedings initiated under Section 263 of the Income Tax Act, directing the AO to add Rs.42,28,292/- to the assessee's income and determine profit from sub-contract work. Disallowances were made for excess sales tax payment, departmental recoveries, and interest accrued but not paid. The Tribunal remitted various issues back to the AO for fresh consideration, emphasizing the need for proper examination and opportunities for the assessee to present their case. The direction to initiate proceedings under Section 201(1A) for non-deduction of tax at source was deemed beyond the CIT's jurisdiction, requiring the AO to redo the assessment independently. Case-Laws Income Tax Fri, 28 Jun 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=234903