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Income Tax - Highlights / Catch Notes

Home Highlights April 2021 Year 2021 This

Addition on account of suppressed production on the basis of ...

Income Tax

April 6, 2021

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 nexus between the production and electricity consumed for the manufacturing and arrived at a conclusion that there was an excess consumption of electricity resulting in suppressed production - AT

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