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2015 (10) TMI 1612 - AT - Income TaxAdditions made on account of shortage of 830 quintal of maize and 507 quintal of wheat - CIT(A) delted the addition - Held that:- The assessee has filed the complete quantitative and qualitative details of stock tally before the AO, before CIT(A) and even now before us. We find that there is no difference in the total quantity of stock in term of quantity and quality. In such circumstances, we do not want to interfere in the order of CIT(A), which is based on facts and shortage claimed by the assessee is very much within the reasonable limit i.e. 0.7%. The shortage is within the parameter laid down by government organization like FCI. The shortage is due to transit loss and loss of moisture. In term of the above, we confirm the order of CIT(A) and consequently, this issue of revenue’s appeal is dismissed. - Decided in favour of assessee.
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