ITAT Deletes Addition on Disallowance of Subcontract Expenses on Ground of Lack of Evidence [Read Order]

ITAT - Addition on Disallowance of Subcontract Expenses - Lack of Evidence -ITAT Deletes Addition - Addition on Disallowance of Subcontract Expenses - Subcontract Expenses- taxscan

The New Delhi Bench of the Income Tax Appellate Tribunal (ITAT) recently deleted the addition on disallowance of subcontract expenses on ground of lack of evidence. The appeal was filed by the asessee V M Matere Infrastructures (India) Private Limited challenging the validity of reopening followed by disallowance of sub-contract payment expenses amounting to Rs.4,88,33,000/-;…

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