M/S. JAY KHODIYAR ENGINEERING,,SURAT vs. THE ACIT, CIRCLE-9,, SURAT
In the result, the appeal filed by the assessee is partly allowed
ITA 1487/AHD/2015[2010-11]Status: DisposedITAT Surat06 Nov 2020AY 2010-11
Bench: Shri Pawan Singh, Jm & Dr. A. L. Saini, Am आयकरअपीलसं./Ita No.1487/Ahd/2015 ("नधा"रणवष" / Assessment Year: (2010-11) (Virtual Court Hearing) M/S. Jay Khodiyar Engineering, Vs. Assistant Commissioner Of 52, New Shakti Vijay Society, Income Tax, Circle-9, Surat Varachha Road, Surat-395010. "थायीलेखासं./जीआइआरसं./Pan/Gir No.: Aaefj3305P (Assessee) (Respondent)
For Appellant: Shri Sapnesh Sheth - CAFor Respondent: Ms Anupama Singla – Sr. DR
Section 143(3)Section 40
56,728/-, by subtracting the gross profit shown Rs.76,91,588/-, it leads to an addition of Rs. 35,65,140/-. Therefore, the addition made by the assessing officer at Rs.66,01,113/- is reduced to Rs. 35,65,140/-. The disallowance confirmed is only 10 % of the total labour expenses claimed. Consequently, the ground no. 1 of the appeal