2009 (3) TMI 259

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.... The questions of law as raised in this appeal are as follows: "(A) Whether on the facts and in the circumstances of the case and in law the hon'ble Tribunal was right in deleting the addition of Rs.3,11,00,273 made by the Assessing Officer as enhancement of the value of closing work-in-progress even though the assessee had on one hand not included the said amount in its gross receipts relating....

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....tances of the case and in law the hon'ble Tribunal was right in deleting the addition of Rs. 8,69,000 made by the Assessing Officer as estimated expenses incurred by the assessee in earning dividend income ?" 2. Counsel appearing for the appellant states that he is not pressing the questions (B) and (C) as they do not arise from the judgment impugned in this appeal. 3. In so far as question ....

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.... and one of the components of the same was "payment received in respect of incomplete contracts up to 30th June". It was contended that the same formula has been used for the relevant assessment year and under this component-assessee was entitled to the benefit of TDS which was effectively a part of the total receivable amount. Counsel appearing for the Revenue could not place any material before ....