https://www.taxtmi.com/caselaws?id=186766 The Tribunal upheld the disallowance of inflated labour charges by the Assessing Officer, confirming suspicions of fictitious advances and bogus expenses. The CIT(A) partially accepted the assessee's explanations, limiting the disallowance to 25% of the inflated amount. Despite the assessee's arguments, the Tribunal affirmed the lower authorities' decisions, emphasizing the need for substantiating claims with evidence. Additionally, a separate issue on project turnover variances resulted in the Tribunal upholding the addition due to unexplained discrepancies. Both the assessee and revenue appeals were dismissed, sustaining the decisions on inflated expenses and project turnover differences. en-us Fri, 03 Jun 2011 00:00:00 +0530 Thu, 29 Sep 2016 17:19:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186766 The Tribunal upheld the disallowance of inflated labour charges by the Assessing Officer, confirming suspicions of fictitious advances and bogus expenses. The CIT(A) partially accepted the assessee's explanations, limiting the disallowance to 25% of the inflated amount. Despite the assessee's arguments, the Tribunal affirmed the lower authorities' decisions, emphasizing the need for substantiating claims with evidence. Additionally, a separate issue on project turnover variances resulted in the Tribunal upholding the addition due to unexplained discrepancies. Both the assessee and revenue appeals were dismissed, sustaining the decisions on inflated expenses and project turnover differences. Case-Laws Income Tax Fri, 03 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186766