https://www.taxtmi.com/caselaws?id=288378 The High Court upheld the ITAT's decision in a tax dispute case where the Revenue challenged the application of a net profit percentage on gross receipts, allowance of excess payment of laser expenses under section 40A(2)(b), and deletion of addition on account of unverifiable and inflated labour charges. The Court found no errors in the ITAT's decisions, noting that the assessee maintained proper accounts audited under section 44AB, supported by relevant documentation, and no defects were detected by the AO. The High Court dismissed the tax appeals, affirming the ITAT's decisions on all issues. en-us Mon, 25 Nov 2013 00:00:00 +0530 Wed, 03 Jun 2020 15:16:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288378 The High Court upheld the ITAT's decision in a tax dispute case where the Revenue challenged the application of a net profit percentage on gross receipts, allowance of excess payment of laser expenses under section 40A(2)(b), and deletion of addition on account of unverifiable and inflated labour charges. The Court found no errors in the ITAT's decisions, noting that the assessee maintained proper accounts audited under section 44AB, supported by relevant documentation, and no defects were detected by the AO. The High Court dismissed the tax appeals, affirming the ITAT's decisions on all issues. Case-Laws Income Tax Mon, 25 Nov 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288378