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2017 (7) TMI 1163 - AT - Income TaxDisallowance on account of consumable expenses - addition made by the AO to the extent of 19% of the job charges earned by the assessee by mainly relying on the two comparable cases where the consumable expenses claimed were relatively on the lower side - Held that:- As rightly contended by the the assessee, it appears that the Assessing Officer however brushed aside all these submissions made by the assessee to justify the consumable expenses of 69% claimed by it and disallowed the same to the extent of 19% point. CIT(A) however appreciated all these relevant aspects of the case in the right perspective and also considered the past result of the assessee’s case for the immediately succeeding two years wherein the consumable expenses claimed by the assessee were 67.63% and 67.75% as against the consumable expenses of 69.98% claimed by the assessee for the year under consideration. He accordingly found that the claim of the assessee for the consumable expenses as made in the year under consideration was slightly higher by 2% than that of the immediately preceding two years and accordingly restricted the disallowance of 19% made by the AO to the extent of 2% of the job charges earned. Having regard to all the facts of the case, we find no infirmity in the impugned order of the Ld. CIT (JA) restricting the disallowance of 19% made by the AO to the extent of 2% and upholding the same, we dismiss the appeal filed by the revenue.
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