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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Addition made on account of suppressed production / sales of TMT ...

Income Tax

October 29, 2015

Addition made on account of suppressed production / sales of TMT bars on the basis of electricity unit consumption - no addition can be made in the hands of the assessee on account of alleged investment in purchases u/s 69C - AT

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  1. Addition on account of suppressed production on the basis of electricity consumption - the AO failed to appreciate the facts and did not attempt to establish a direct...

  2. Demand of Service tax on straightening and cutting of TMT bars - the services rendered by the appellant by processing the goods manufactured by RINL are exigible to service tax.

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  9. Addition made on account of undervaluation of closing stock - cost of job work charges have not been included - thus the closing stock of the assessee company is suppressed - AT

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