https://www.taxtmi.com/caselaws?id=308434 The appeal contested the GP addition on construction expenses for the assessment year 2011-12. The AO's recalculated GP, including AUDA and electric connection charges, was upheld due to their direct impact on work in progress. The re-quantification limited the addition to Rs.1,74,945 to avoid double counting. Regarding the disallowance under section 14A read with rule 8D, the disallowance was restricted to the actual exempt income figure, partially accepting the assessee's plea. The appeal was partly allowed, addressing both issues raised in the case. en-us Mon, 23 Apr 2018 00:00:00 +0530 Mon, 26 Jun 2023 20:41:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308434 The appeal contested the GP addition on construction expenses for the assessment year 2011-12. The AO's recalculated GP, including AUDA and electric connection charges, was upheld due to their direct impact on work in progress. The re-quantification limited the addition to Rs.1,74,945 to avoid double counting. Regarding the disallowance under section 14A read with rule 8D, the disallowance was restricted to the actual exempt income figure, partially accepting the assessee's plea. The appeal was partly allowed, addressing both issues raised in the case. Case-Laws Income Tax Mon, 23 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308434