https://www.taxtmi.com/caselaws?id=325537 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of hamali and production charges under Section 40(a)(ia) of the Income-Tax Act, 1961, as the payments were made to daily laborers through a mestri and did not constitute a contract under Section 194C. However, the issue of unexplained credits in the capital account was remitted back to the Assessing Officer for further verification as the source of the capital introduced was questioned. The Revenue's appeal was partly allowed for statistical purposes. en-us Fri, 05 Feb 2016 00:00:00 +0530 Tue, 22 Mar 2016 00:54:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=325537 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of hamali and production charges under Section 40(a)(ia) of the Income-Tax Act, 1961, as the payments were made to daily laborers through a mestri and did not constitute a contract under Section 194C. However, the issue of unexplained credits in the capital account was remitted back to the Assessing Officer for further verification as the source of the capital introduced was questioned. The Revenue's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 05 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=325537