Once estimation of income is made, further disallowances u/s. 40(a)(ia) are not warranted

DECIDED BY: ITAT, HYDERABAD `A’ BENCH IN THE CASE OF: Teja Constructions Vs. ACIT, APPEAL NO: ITA NO. 308/HYD/2009, DECIDED ON October, 23, 2009 ORDER HANDRA POOJARI. A.M. : This appeal is directed against the order passed by the learned CIT(A)-VI, Hyderabad, dt. 16th Dec.. 2008 and it pertains to asst. yr. 2005-06. 2. Asscsscc raised the following grounds : “1. The order of the AO is erroneous, unjust and contrary to the facts of the case. 2. The AO erred in rejecting the books of account and in restoring to estimation of income. 3. Tin AO erred in estimating net income a...