TMI BlogAddition on account of Repair and Maintenance of Plant and Machinery on estimate basis - sale of scrap -...Addition on account of Repair and Maintenance of Plant and Machinery on estimate basis - sale of scrap - The assessee brought on record a chart of sale made of scrap in last years and subsequent year which revealed that during the financial year 2014-15 it accounted for sale of scrap in its books of account. - no valid justification for estimating the value of scrap and making the impugned addition by discarding the method of accounting regularly employed by the assessee - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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