1996 (6) TMI 261

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..... ber (J)]. The short point to be considered in this case is to what extent profit is to be added in respect of the goods captively consumed. Shri Haja Mohideen, JDR appearing for the Revenue justified the action of the Assistant Collector in adding 9.03% as margin of profit. 2. When the matter was posted for hearing none appeared on behalf of the respondents. On going through the issue invo .....

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..... ategorical findings of the Collector (Appeals) that profit showing in the Balance Sheet is to be added to the goods captively consumed in the absence of any reasons given by the Assistant Collector, we do not find any infirmity in the impugned order of the Collector (Appeals) in adding the profit in the Balance Sheet. 5. In the result, as aforesaid, the appeal filed by the Department is hereby d .....

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