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2014 (3) TMI 111 - HC - Income TaxValidity of order – Addition made on account of excess wastage - Whether without rejection of books and accounts, the results arrived at by the assessee based on his books can be ignored – Held that:- The claim of wastage of 2.7% could not be termed excessive when wastage to the extent of 4.4% had been allowed in the assessment year 1988-89 - the trading results are being supported by complete stock register and no defects have been pointed out in the said register - the addition made on this account is deleted as claim of wastage is in accordance with the past history of the case – the entire matter is required to be tested on factual matrix – then, there is nothing in the order of CIT(A) which could be assailed on the fact based situation or on any principle of law - order of the Tribunal rather is not based on any sound parameters and runs contrary to the entries in the stock register and other books of accounts, veracity of which entries is not questioned by the revenue even a little – decided in favour of Assessee.
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