Addition of burning losses during the process of manufacture of ...

Court Rules Burning Loss Percentage of 5.81% in Ingot Production Accurate; Disputed Addition Deemed Untenable.

January 8, 2021

Case Laws Income Tax AT

Addition of burning losses during the process of manufacture of ingots - during the year the burning loss in the assessee’s plant was to the extent of 5.81% which is accurate and as per consumption and production of the finished goods. The addition in dispute is not tenable. - AT

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Addition of burning losses during the process of manufacture of ...

Court Rules Burning Loss Percentage of 5.81% in Ingot Production Accurate; Disputed Addition Deemed Untenable.

January 8, 2021

Case Laws Income Tax AT

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