2019 (2) TMI 1193

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....available on record. 3. Briefly the facts of the case are that the assessee was asked to produce the bills/vouchers, muster roll, wage sheet etc., for verification. The assessing officer noted that assessee was debited Rs. 9.86 crores as work cost expenses, out of which, Rs. 8.27 crores is attributed to purchase of materials as per the bifurcation provided by assessee. The assessing officer noted that assessee could not substantiate the above expenses with adequate/supporting bills/ vouchers. The assessing officer, accordingly, disallowed adhoc expenses of Rs. 12 lacs under this Head. Further it was found that assessee has debited Rs. 9.86 crores as work cost expenses, out of which, Rs. 1.20 crore is attributed to labour and wages expens....

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....siness has not correctly been shown as no expenses of labour and wages, Bank charges, finance charges, interest on loan etc have been shown, which is attributed to this business. On bifurcating the two business entities, the order of the assessing officer was confirmed and appeal of assessee has been dismissed. 5. Learned Counsel for the Assessee reiterated the submissions made before the authorities below and submitted that detailed replies were filed before assessing officer supported by documentary evidences, copies of which are filed in the paper book. She has submitted that in assessment year under appeal, the assessee has declared net profit rate of 2.15% and in preceding assessment years 2013-2014 and 2014-2015, assessee has decla....