process loss during copper wire drawing, Income Tax

[ashok agarwal]

AO has not allowed the burning/process loss in job work of copper wire drawing

Posts / Replies

[Rama Krishana]

In the query, you did not specify the ground on which loss was disallowed by the AO. In general loss should have been allowed. Make your query elaborate.

[ashok agarwal]

our client doing job work of copper wire drawing, and claim losses both visible ( scrap ) and invisible losses, the AO has not allowed the invisible losses and said that there are not process loss in wire drawing. pl advice and give the relevent cases, if any.