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2003 (4) TMI 7 - HC - Income TaxAdditions - True nature of profits - Tribunal deleting the trading addition made on account of sale of spices excessively claimed by the assessee as grinding loss - impugned order of the Tribunal does not involve any substantial question of law requiring our consideration. We find that while deleting the trading addition in toto, the Tribunal has noted that in the immediately preceding two assessment years, namely, the assessment years 1991-92 and 1992-93, the first appellate authority had deleted the trading additions made on account of rate difference and further in respect of the assessment year 1994-95, the assessee had declared grinding loss at 14.30 per cent. which was accepted by the Department as such under section 143(1) – Revenue’s appeal dismissed
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