https://www.taxtmi.com/caselaws?id=170950 The Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income-tax (Appeals) [CIT(A)]'s decision to disallow a portion of labour charges paid by the assessee to its vendor at Deesa under section 40A(2)(b). The ITAT directed the Assessing Officer to conduct thorough inquiries, examine comparable rates from third parties at Deesa, and establish a benchmark for job work charges, highlighting the importance of fairness and proper assessment in determining the disallowance. As a result, the appeal was treated as allowed for statistical purposes. en-us Wed, 19 Dec 2012 00:00:00 +0530 Fri, 03 Jul 2015 17:34:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170950 The Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income-tax (Appeals) [CIT(A)]'s decision to disallow a portion of labour charges paid by the assessee to its vendor at Deesa under section 40A(2)(b). The ITAT directed the Assessing Officer to conduct thorough inquiries, examine comparable rates from third parties at Deesa, and establish a benchmark for job work charges, highlighting the importance of fairness and proper assessment in determining the disallowance. As a result, the appeal was treated as allowed for statistical purposes. Case-Laws Income Tax Wed, 19 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170950