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 hands of the concerned two subcontractors in whose cases the defects and deficiencies were found by hi...