CIT Vs. UNIWORD TELECOM LTD.

JUDGEMENT

(1.) IN this appeal of the Revenue, an order of the Income Tax Appellate Tribunal (ITAT) dated 29th January, 2010, in Appeal No.641/DL/2009 has been challenged. The Revenue urges the following questions of law, i.e.

(2.) THE assessee has also filed a cross appeal and urges the following questions of law :

(3.) AFTER considering the materials on record, the AO rejected the books of accounts and determined the net profit at 10% to the total sale of business at Rs.16,40,91,000/ - in addition to other income declaration by the assessee. A further addition was made to the tune of Rs.18,34,490/ - under Section 40(a) (ia) of the Act for non -deduction of tax at source.