Addition on account of unaccounted production and stock - ...
Income Tax
October 27, 2022
Addition on account of unaccounted production and stock - Estimation of wastage generated in the production unit - The method adopted by assessee is more scientific as it takes into consideration all the factors affecting the consumption in a year. Further by taking yearly average, the fact of fluctuation is diluted and it gives a more scientific picture of state of affairs. The Assessing officer adopted only onemonth average, which does not represent a proper sample for working out of consumption for whole year. - AT
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