No disallowance on account of unverified exp. if additions were based on past profits trends

INCOME TAX : Where assessee-contractor made payment to sub-contractors for project of road laying in power plant and, assessing authority disallowed entire payment as all sub-contractors were not produced upon issuance of summons, since all contractors had furnished their statements along with return of income except two sub-contractors and assessee to buy peace and avoid litigation offered 10 per cent of total expenditure incurred towards sub-contractors, no further disallowance was called for

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