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TMI Blog2014 (7) TMI 53X X X X Extracts X X X X X X X X Extracts X X X X ..... he contention of the Assessee because the closing stock was not reduced by the quantity of stock - the Tribunal held that the insistence on actual proof considering the nature of the business and the reasonableness of the claim made by the Assessee was improper - No insistence would have been there considering the claim made by the Assessee - the Tribunal found that this is not a case of lack of p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... laimed in respect of the HRC Division, treating it as an extension of the existing business, despite the fact that the HRC Division was a 'New Project', where the production had not commenced ? (B) Whether on the facts and in the circumstances of the case and in law, the Hon'ble ITAT was justified in deleting the addition in respect of 'material lost' despite the fact that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lating to the very same Assessee. 4. Hence, the question raised in relation to the allowing of expenses claimed in respect of the HRC Division, cannot be treated ad termed as a substantial question of law. The Appeal deserves to be dismissed in so far as that question is concerned. 5. It is urged by Mrs Bharucha that this Appeal raises another substantial question of law i.e. in relation to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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