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2011 (3) TMI 79 - HC - Income TaxUnaccounted production - Claim of wastage - The Tribunal has found that there is varying wastage in the earlier assessment years - It has been found that the wastage claimed by the assessee is looking to the previous record of the assessee is reasonable - It has been found that in the subsequent year the C.I.T. (A) had accepted wastage in respect of bead-wires at 2.39% and in respect of valve-bodies at 1.65% for that year - The wastage was 1.65% in the assessment year 1987-88, 0.13% in the assessment year 1988-89 and 0.93% in the assessment year 1989-90 - The Tribunal also found that it is a question of making estimate and allowed wastage of bead-wires and valve-bodies at 2.5% in each case - Thus, do not find any illegality in the impugned finding of the Tribunal - The appeal is dismissed.
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