Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2014 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2014 (2) TMI 571 - AT - Income TaxDeletion made on account of disallowance of labour charges – Held that:- CIT(A) held that book results cannot be regarded as defective on the ground of non- maintenance of quality wise details of diamonds – Relying upon M/s. Dhami Brothers Versus ACIT, Cir. 9 Surat [2010 (8) TMI 817 - ITAT AHMEDABAD] disallowance has been made mainly on the ground that some other entities are making payment of labour charges at the rate which is lower than that of the assessee - The Assessing Officer himself accepts the fact that diamond labour is paid at different rates for different jobs & the rate varies as per size, weight, quality, etc. of rough – the assessee has produced all the relevant evidences in support of the claim of labour charges & therefore no disallowance on presumptive basis should be made if there are no defects in the evidences produced by assessee - there is no basis in restricting the claim of labour charges - there was no infirmity in the order of CIT(A) - Decided against Revenue.
|