https://www.taxtmi.com/caselaws?id=35273 The High Court upheld the Tribunal's decision regarding the deduction of payments made to subcontractors from gross contract receipts for the assessment year 1986-87. The Tribunal found that the assessee had provided sufficient evidence to support the payments made to subcontractors, leading to the allowance of the deduction. The Court emphasized that the decision to allow deductions is based on the specific facts and circumstances of each case, and in this case, the evidence presented by the assessee justified the deduction. As a result, the reference was answered in favor of the assessee, resulting in the disposal of the reference by the High Court. en-us Fri, 13 Nov 2009 00:00:00 +0530 Sat, 06 Jul 2013 15:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35273 The High Court upheld the Tribunal's decision regarding the deduction of payments made to subcontractors from gross contract receipts for the assessment year 1986-87. The Tribunal found that the assessee had provided sufficient evidence to support the payments made to subcontractors, leading to the allowance of the deduction. The Court emphasized that the decision to allow deductions is based on the specific facts and circumstances of each case, and in this case, the evidence presented by the assessee justified the deduction. As a result, the reference was answered in favor of the assessee, resulting in the disposal of the reference by the High Court. Case-Laws Income Tax Fri, 13 Nov 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35273