Wednesday, July 6, 2011

Once assessee should excess consumption of raw material....

IT : Once assessee should excess consumption of raw material, natural inference was that there would be excess production which would have been sold outside books of account and, thus, matter was to be remanded back to Commissioner (Appeals) with a direction to make separate addition in respect of excess consumption of raw material as deemed sales - [2011] 11 taxmann.com 425 (Agra - ITAT)(TM)

No comments:

Post a Comment