2014 (2) TMI 1074

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Sr. Adv. ORDER The Court : The assessee is in the business of construction of dams, tunnels etc. As against a gross contract realization of Rs.86,37,03,906/-, a sum of Rs.4,50,86,996/- was claimed to have been spent in transport charges. The Assessing Officer was of the view that the transport charges claimed by the assessee were much too high and he, therefore, computed the transport charges....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....erein the claim of the appellant on account of transport charges was allowed by the Tribunal in its entirety. I have gone through the order of the Hon'ble ITAT and it is observed that the appeal of the appellant on account of transport charges was allowed by the Hon'ble Tribunal in its favour. Since, in the year under consideration, the A.O. has made disallowance of transport charges only ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....evenue has come up in appeal. The questions framed are as follows: "(i) Whether on the facts and circumstances of the case the learned Tribunal was justified in law in dismissing the appeal filed by the Department and confirming the order of the Commissioner of Income Tax (Appeal) in directing the Assessing Officer to delete the disallowance on account of transport charges without appreciating th....