https://www.taxtmi.com/caselaws?id=181026 The ITAT partially allowed both appeals of the assessee. The ITAT upheld the disallowance of 1% of wages and labor charges for A.Y. 2009-10 but granted telescopic benefit due to discrepancies, leading to deletion of the addition. Interest under section 234B was directed to be calculated from the date following the determination of total income under section 143(1). The addition under section 68 for A.Y. 2010-11 was deleted as explanations for deposits were satisfactory. The addition of 1% of total wages and salary for A.Y. 2010-11 was upheld. en-us Thu, 31 Dec 2015 00:00:00 +0530 Wed, 06 Apr 2016 09:01:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181026 The ITAT partially allowed both appeals of the assessee. The ITAT upheld the disallowance of 1% of wages and labor charges for A.Y. 2009-10 but granted telescopic benefit due to discrepancies, leading to deletion of the addition. Interest under section 234B was directed to be calculated from the date following the determination of total income under section 143(1). The addition under section 68 for A.Y. 2010-11 was deleted as explanations for deposits were satisfactory. The addition of 1% of total wages and salary for A.Y. 2010-11 was upheld. Case-Laws Income Tax Thu, 31 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181026