Receipt already taxed in the head of sub-contractor cannot be disallowed to contractor considering same as inflated expense

Brief of the Case

ITAT Hyderabad held In the case of M/s. KNR Constructions Ltd. vs. DCIT that no such adverse inference however was drawn by the A.O. in the case of the concerned two sub-contractors and in the assessments completed under section 143(3) in their cases, the amount claimed to be paid by the assessee on account of sub-contract work was accepted by the A.O. It is, thus, clear that a contrary stand is taken by the A.O. on this issue and while accepting the contract receipts in the han

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