https://www.taxtmi.com/forum/issue?id=3879 The subcontractor filed a return showing a lower net profit while the assessing officer, dissatisfied with books and vouchers, proposes a higher standard net profit; the subcontractor contends it pays a contractual commission to the main contractor and asks whether that commission may be recognized to reduce the officer's proposed assessed profit. en-us Mon, 05 Mar 2012 12:06:30 +0530 Thu, 23 Jan 2025 15:58:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=3879 The subcontractor filed a return showing a lower net profit while the assessing officer, dissatisfied with books and vouchers, proposes a higher standard net profit; the subcontractor contends it pays a contractual commission to the main contractor and asks whether that commission may be recognized to reduce the officer's proposed assessed profit. Discussion-Forum Income Tax Mon, 05 Mar 2012 12:06:30 +0530 https://www.taxtmi.com/forum/issue?id=3879