In the result, the appeal filed by the assessee is partly allowed
Bench: Dr.Manish Borad & Shri Vinay Bhamore
TDS, Low net profit shown by construction contractors and claim of large refund, High interest expenditure and huge advances in excess of total proprietors / partners fund". 13. We further notice that the assessee filed the details in reply to each of the issues referred by ld. AO in the notice u/s.142(1) of the Act which have been duly examined