https://www.taxtmi.com/caselaws?id=405410 The Appeals under Section 260-A of the Income Tax Act, 1961 regarding discrepancies in labour charges leading to undisclosed income for Assessment Years 2013-14 were decided by the Tribunal. The Tribunal allowed the Assessee's appeal and dismissed the Revenue's appeal. The Tribunal modified the Commissioner's method of estimating net profit, considering the Assessee's dual role as main contractor and sub-contractor. The Court upheld the Tribunal's decision, emphasizing the absence of legal errors and dismissing the Appeals. en-us Wed, 24 Feb 2021 00:00:00 +0530 Fri, 19 Mar 2021 09:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=405410 The Appeals under Section 260-A of the Income Tax Act, 1961 regarding discrepancies in labour charges leading to undisclosed income for Assessment Years 2013-14 were decided by the Tribunal. The Tribunal allowed the Assessee's appeal and dismissed the Revenue's appeal. The Tribunal modified the Commissioner's method of estimating net profit, considering the Assessee's dual role as main contractor and sub-contractor. The Court upheld the Tribunal's decision, emphasizing the absence of legal errors and dismissing the Appeals. Case-Laws Income Tax Wed, 24 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=405410