https://www.taxtmi.com/caselaws?id=348405 The High Court upheld the ITAT's decision on both issues, ruling in favor of the Assessee. It was held that the addition based on a fall in net profit to turnover ratio was unwarranted as the Assessee's business line was not consistent over the years. Additionally, the disallowance under Section 40 (a) (ia) was deemed improper as the CIT (A) exceeded his jurisdiction by questioning the eligibility of expenses for deduction without factual basis. The High Court dismissed the appeal, emphasizing that no substantial question of law arose in either issue. en-us Mon, 11 Sep 2017 00:00:00 +0530 Wed, 20 Sep 2017 09:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=348405 The High Court upheld the ITAT's decision on both issues, ruling in favor of the Assessee. It was held that the addition based on a fall in net profit to turnover ratio was unwarranted as the Assessee's business line was not consistent over the years. Additionally, the disallowance under Section 40 (a) (ia) was deemed improper as the CIT (A) exceeded his jurisdiction by questioning the eligibility of expenses for deduction without factual basis. The High Court dismissed the appeal, emphasizing that no substantial question of law arose in either issue. Case-Laws Income Tax Mon, 11 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=348405