Court Overlooks Normal Loss, Misconceived Show Cause Notice Dismissed; Appellant's Explanation on Stock Shortage Accepted by Higher Court.

Clandestine removal - Shortage in stock - The cogent explanation given by the appellant has not been found to be untrue by the Court below. Accordingly, the SCN is misconceived and further the Court below has erred in not considering the normal loss, that the same requires no treatment in the books of accounts. - AT .....

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