Saturday 14 September 2013

ITAT reduced disallowance of labour exp. as assessee was carrying construction business with unorgan

IT: Where Assessing Officer disallowed 20 per cent of labour charges for want of any vouchers, in view of fact that assessee was engaged in civil construction activities which was labour intensive and fact that labour in such areas was unorganised, disallowance was to be reduced to 10 per cent


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