Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2010 (2) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2010 (2) TMI 755 - ITAT, MUMBAIRejection of Books of Accounts on the basis of discrepancy in the percentage of production in Central Excise Register. In the absence of valid explanation 1/3 rd of the scrap claim of 29.17% is allowed on estimate and the balance of 19.45% is treated as suppressed production and the addition made. - Held that - Without pointing any specific defect or difference, in our considered view, the AO was not correct in not accepting the percentage of scrap or wastage shown by the assessee. decided in favour of Assessee.
|