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Income Tax - Highlights / Catch Notes

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Addition on account of suppressed production on the basis of ...

Case Laws     Income Tax

April 6, 2021

Addition on account of suppressed production on the basis of electricity consumption - the AO failed to appreciate the facts and did not attempt to establish a direct nexus between the production and electricity consumed for the manufacturing and arrived at a conclusion that there was an excess consumption of electricity resulting in suppressed production - AT

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