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2014 (7) TMI 53 - BOMBAY HIGH COURTDeletion of addition of material lost – stock at the year end was taken on actual verification wherein, such variations automatically get accounted for, leaving no scope for further deduction - Held that:- The Tribunal has considered the aspect in detail in its order - there is substance in the contention of the Assessee because the closing stock was not reduced by the quantity of stock - the Tribunal held that the insistence on actual proof considering the nature of the business and the reasonableness of the claim made by the Assessee was improper - No insistence would have been there considering the claim made by the Assessee - the Tribunal found that this is not a case of lack of proof of the loss - thus, no substantial question of law arises for consideration - Decided against Revenue.
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