TMI BlogCourt Allows Contractor Expenses After Sub-Contractors Confirm Payments Through Banking Channels; Commercial Necessity Proven.Disallowance of contractor expenses - whether payment made to sub-contractors are bogus - assessee is able to show the commercial expediency to incur the expenditure for the purpose of business and incurring of expenditure also confirmed by the respective sub-contractors and they have received payments through banking channel in subsequent assessment years - expenses allowed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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