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2013 (10) TMI 372 - HC - Income TaxAdditions on account of investment in purchase of 27.05 MTs of engine scrap and 12.31 MTs of spare scrap when this quantity formed part of the scrap shown by the assessee in the accounts – Held that:- According to these calculations, the excess scrap consumed in production works out to 29.04 MT, the assessee has not filed any evidence to substantiate his claim that the engines replaced in earlier years have in fact been received by the appellant in the year under consideration. Also no material has been brought on record to show that there has been any change in the method of accounting or that the scrap generated by way of replacement has not been utilized for production in the earlier years – Decided against the Assessee.
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