https://www.taxtmi.com/caselaws?id=404614 The High Court allowed the Revenue's appeal, setting aside the Tribunal's order challenging the inflated expenditure and subcontracted work values claimed by the construction company for the assessment year 2010-11. The matter was remanded to the Assessing Officer for fresh consideration, emphasizing the necessity of proper reconciliation and supporting evidence to substantiate expenditure claims. The Court highlighted the importance of following the correct procedure in such cases, emphasizing the need for thorough verification before allowing any relief. en-us Tue, 16 Feb 2021 00:00:00 +0530 Wed, 07 Apr 2021 14:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404614 The High Court allowed the Revenue's appeal, setting aside the Tribunal's order challenging the inflated expenditure and subcontracted work values claimed by the construction company for the assessment year 2010-11. The matter was remanded to the Assessing Officer for fresh consideration, emphasizing the necessity of proper reconciliation and supporting evidence to substantiate expenditure claims. The Court highlighted the importance of following the correct procedure in such cases, emphasizing the need for thorough verification before allowing any relief. Case-Laws Income Tax Tue, 16 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404614