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2015 (10) TMI 2578 - Delhi High Court

2015 (10) TMI 2578 - Delhi High Court - TMI - Provision for transit breakages - whether was not contingent in nature or based on a scientific basis and as such was not an allowable deduction while computing the total income? - Held that:- In In view of the judgment passed in Seagram Distilleries Pvt. Ltd case [ 2015 (10) TMI 491 - DELHI HIGH COURT] there is no reasonable scientific method adopted by the Assessees to estimate the transit breakages so as to justify creating of provision for such .....

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Aditya Gupta, Advocate. For the Respondent : Mr. Kamal Sawhney, Senior Standing Counsel. ORDER 1. By the order dated 8th December 2009, the following question of law was framed for consideration b y the Court in this appeal by the Assessee against the order d ated 14th September, 2009 of the Income Tax Appellate Tribunal in I.T.A. No. 3195/Del/2009 for A ssessment Y ear 2005 - 06 : "Whether the order of the Tribunal is erroneous to the extent that the pro vision for transit breakages w as .....

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