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Income Tax - Highlights / Catch Notes

Home Highlights March 2014 Year 2014 This

Addition made on account of excess wastage - rejection of books ...


Tribunal's Decision on Excess Wastage Lacks Basis, Contradicts Unchallenged Stock Register and Accounting Entries.

March 4, 2014

Case Laws     Income Tax     HC

Addition made on account of excess wastage - rejection of books and accounts - order of the Tribunal rather is not based on any sound parameters and runs contrary to the entries in the stock register and other books of accounts, veracity of which entries is not questioned by the revenue even a little - HC

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