2012 (10) TMI 486

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...., VP :   This appeal by the Revenue is directed against the order of learned CIT(A)-XXVI, New Delhi dated 20th December, 2010 for the AY 2006-07. 2. The only ground raised by the Revenue reads as under:- "In facts and circumstances of the case, ld. CIT(A) has erred in law and on facts in deleting the addition of Rs.1865000/- made by the Assessing Officer on account of labour charges by hol....

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....our charges were only Rs.18.65 lakhs. The percentage of labour charges to sales was lesser as compared to the immediately preceding year. 5. The Revenue, aggrieved with the order of learned CIT(A), is in appeal before us. 6. We have heard both the sides and perused the material placed before us. When the assessee has not produced the labour charges register and other evidences in support of the ....

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.... percentage of the labour charges to the sales was 1.55%. During the year under consideration, though the sales have increased to Rs.31.00 crores, but, the labour charges have reduced to Rs.18.65 lakhs. In percentage term, it would be 0.6%. Thus, the percentage of labour charges to the export turnover has reduced to less than half of the immediately preceding year which was accepted by the Revenu....