https://www.taxtmi.com/caselaws?id=329409 The Tribunal held that the provisions of section 40A(2)(a) were not applicable as the payments made to the sub-contractor were deemed reasonable and not excessive. The Tribunal found that the market value of services provided was justified, considering the contract terms and overall profit declared by the assessee. Consequently, the Tribunal reversed the CIT(A)'s decision and instructed the AO to eliminate the addition of Rs. 67,55,710/-. The appeal of the assessee was successful. en-us Fri, 29 Apr 2016 00:00:00 +0530 Fri, 01 Jul 2016 11:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=329409 The Tribunal held that the provisions of section 40A(2)(a) were not applicable as the payments made to the sub-contractor were deemed reasonable and not excessive. The Tribunal found that the market value of services provided was justified, considering the contract terms and overall profit declared by the assessee. Consequently, the Tribunal reversed the CIT(A)'s decision and instructed the AO to eliminate the addition of Rs. 67,55,710/-. The appeal of the assessee was successful. Case-Laws Income Tax Fri, 29 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=329409