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2021 (6) TMI 724 - AT - Income TaxUnaccounted income from unaccounted production - HELD THAT:- CIT(A) had deleted the addition noting the report of the Committee specially formed for studying average variation in electricity consumption in similar mills accepting 15 % as acceptable variation. That the Ld. CIT(A) had noted from the facts of the said case that the variation fell within the range so prescribed by the Committee and accordingly deleted the addition made by the AO. In the present appeal also, we have noted that the Ld.CIT(A) , after noting the fact that the data submitted by the assessee regarding consumption of electricity and PMT production of finished goods therefrom was more reliable as opposed to that of the AO, went on to find therefrom that the variation in electricity consumption PMT of goods produced by the assessee fell within the acceptable 15 % range. DR has not controverted the aforestated findings of fact recorded by the Ld. CIT(A). The issue stands squarely covered therefore in favour of the assessee.
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