TMI Blog2019 (2) TMI 321X X X X Extracts X X X X X X X X Extracts X X X X ..... essee @ 10%, while AO allowed it only at 5% - Held that:- The assessee's specific case that the value of the container was included in the cost per pound of the kernels was accepted by the Tribunal, which is challenged by the revenue. As to the percentage of dry-age claimed by the assessee Tribunal found that there was absolutely no material to so reduce the dry-age as claimed by the assessee. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Dated:- 28-1-2019 - MR K.VINOD CHANDRAN AND MR ASHOK MENON, JJ. For The Applicant : ADVS. SRI.P.K.R.MENON,SENIOR COUNSEL, GOI(TAXES) AND SRI.JOSE JOSEPH SC FOR INCOME TAX ORDER Vinod Chandran, J. We see from the order of the Income Tax Appellate Tribunal and the questions referred by it that the questions are essentially on facts. The assessee is a firm dealing in c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed at the quantitative assessments for the earlier years and found it to be varying between 7.5% and 10%. In such circumstances, the Tribunal directed allowance of the dry-age to be granted at 7.5%. 3. The other issue is on an additional ground raised by the assessee. The additional issue raised was as against an unaccounted sales estimated at ₹ 10,16,000/-. The same was on the basis of t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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