https://www.taxtmi.com/caselaws?id=292834 The appeal challenging the assessment order under section 143(3) for the assessment year 2007-08 was partially allowed. The Tribunal determined that the income received was for professional services, not civil contracts. While the appellant failed to substantiate all expense claims, the Tribunal acknowledged that some expenditure was incurred. It directed the Assessing Officer to recalculate the assessable income, considering estimated expenditure and partner deductions. The Tribunal emphasized the importance of substantiating expense claims and allowed deductions for partner salaries and interest under section 40(b). en-us Mon, 31 Dec 2012 00:00:00 +0530 Sat, 09 Jan 2021 12:49:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=292834 The appeal challenging the assessment order under section 143(3) for the assessment year 2007-08 was partially allowed. The Tribunal determined that the income received was for professional services, not civil contracts. While the appellant failed to substantiate all expense claims, the Tribunal acknowledged that some expenditure was incurred. It directed the Assessing Officer to recalculate the assessable income, considering estimated expenditure and partner deductions. The Tribunal emphasized the importance of substantiating expense claims and allowed deductions for partner salaries and interest under section 40(b). Case-Laws Income Tax Mon, 31 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=292834