TMI Blog2020 (7) TMI 628X X X X Extracts X X X X X X X X Extracts X X X X ..... he assessee was computed by applying GP rate and no deduction was allowed in regard to purchases of the assessee, there was no need to look into the provisions of Section 40A(3) and Rule 60DD(j) of the Relevant Rules, that no disallowance could have been made in view of the provisions of Section 40A(3) of the Act read with Rule 60DD(j) of the Relevant Rules as no deduction was allowed and claimed ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nue under Section 260A of the Income Tax Act, 1961 (for short, the Act), is directed against the order dated 23.8.2011 made in ITA.No.2057/Mds/2010 on the file of the Income Tax Appellate Tribunal, Madras C Bench (for brevity, the Tribunal) for the assessment year 2002-03. 2. We have heard Mr.M.Swaminathan, learned Senior Standing Counsel and Mrs.V.Pushpa and Ms.S.Premalatha, learned Standing ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner of Income Tax (Appeal), Tiruchirapalli [for brevity, the CIT(A)], who followed the decision of this Court in the case of CIT Vs. Mohammed Dhurabudeen [reported in 4 DTR 218] wherein it was held that when the income of the assessee was computed by applying GP rate and no deduction was allowed in regard to purchases of the assessee, there was no need to look into the provisions of Section ..... X X X X Extracts X X X X X X X X Extracts X X X X
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