In the result, appeal of the Revenue is dismissed
Bench: Shri Challa Nagendra Prasada N D Shri M. Balaganesh
40,432/- Assessing Officer has disallowed the material cost claiming it to be bogus expenses, justifying that project was towards completion and there was no need of material purchase. How can an assessing Officer decide about business exigencies and expenses that needs to be incurred. 3 I.T.A. No. 803/Del/2012 Books of Accounts and vouchers were produced before the assessing officer