https://www.taxtmi.com/caselaws?id=259766 The Tribunal partly allowed the appeal by deleting the disallowance under Section 40(a)(ia) related to non-deduction of TDS, allowing the claim of Rs. 1,03,72,141 as revenue expenditure. The addition of Rs. 1,55,42,485 under Section 69C was partially upheld, with only the profit element taxed at an estimated net profit rate of 20%. The charging of interest under Section 234B was upheld due to insufficient advance tax payment by the assessee. The issue regarding the opportunity of hearing and limitation for filing the appeal was not specifically addressed in the Tribunal's detailed analysis. en-us Wed, 31 Dec 2014 00:00:00 +0530 Thu, 21 May 2015 15:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259766 The Tribunal partly allowed the appeal by deleting the disallowance under Section 40(a)(ia) related to non-deduction of TDS, allowing the claim of Rs. 1,03,72,141 as revenue expenditure. The addition of Rs. 1,55,42,485 under Section 69C was partially upheld, with only the profit element taxed at an estimated net profit rate of 20%. The charging of interest under Section 234B was upheld due to insufficient advance tax payment by the assessee. The issue regarding the opportunity of hearing and limitation for filing the appeal was not specifically addressed in the Tribunal's detailed analysis. Case-Laws Income Tax Wed, 31 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259766