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2009 (11) TMI 53 - PUNJAB AND HARYANA HIGH COURTDeduction - deduction of Rs.6,20,000/- on account of payments made to the subcontractors from the gross contract receipts – Tribunal allowed the deduction – ITAT found that Copy of agreement dated 10.12.1984 made it clear that the assessee did assign certain job to the subcontractors. We have already seen that the practice of subletting of contractor was common and the Tribunal has taken a consistent view that payments made to subcontractors may be allowed as a deduction – held that - . In the present case, the Tribunal has referred to material justifying deduction. In view thereof, the Tribunal was right in permitting the deduction. – Decided in favor of assessee
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