https://www.taxtmi.com/caselaws?id=236897 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal held that the Assessing Officer was not justified in making the addition on account of Gross Profit (GP) and allowed the assessee's ground while dismissing the Revenue's ground. Regarding the disallowance under Section 40(a)(ia) of the Income Tax Act, the Tribunal remanded the issue to the Assessing Officer for verification on the timing of TDS deposit before allowing the deduction. The Tribunal emphasized the importance of proper verification and adherence to legal precedents in such matters. en-us Fri, 04 Jan 2013 00:00:00 +0530 Thu, 12 Sep 2013 09:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=236897 The Tribunal dismissed the Revenue's appeal and partly allowed the assessee's appeal. The Tribunal held that the Assessing Officer was not justified in making the addition on account of Gross Profit (GP) and allowed the assessee's ground while dismissing the Revenue's ground. Regarding the disallowance under Section 40(a)(ia) of the Income Tax Act, the Tribunal remanded the issue to the Assessing Officer for verification on the timing of TDS deposit before allowing the deduction. The Tribunal emphasized the importance of proper verification and adherence to legal precedents in such matters. Case-Laws Income Tax Fri, 04 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=236897