SUBHASH PARETA,KOTA vs. ACIT, KOTA

In the result, the appeal of the assessee and the revenue are disposed off with above directions

depreciation following the ratio laid down by the Hon’ble Rajasthan High Court in case of Jain Constructions and in respect of work executed through the sub-contractor, the AO has accepted the net profit of 3% as submitted by the AO during the course of assessment proceedings. Nothing has been brought on record to suggest the case of Jain

HARBANS LAL SETHI,JAIPUR vs. ADDL. CIT, KOTA