Addition on account of Repair and Maintenance of Plant and ...

Court Rejects Estimated Scrap Sales Addition to Income, Validates Assessee's Consistent Accounting for 2014-15.

May 4, 2022

Case Laws Income Tax AT

Addition on account of Repair and Maintenance of Plant and Machinery on estimate basis - sale of scrap - The assessee brought on record a chart of sale made of scrap in last years and subsequent year which revealed that during the financial year 2014-15 it accounted for sale of scrap in its books of account. - no valid justification for estimating the value of scrap and making the impugned addition by discarding the method of accounting regularly employed by the assessee - AT

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Addition on account of Repair and Maintenance of Plant and ...

Court Rejects Estimated Scrap Sales Addition to Income, Validates Assessee's Consistent Accounting for 2014-15.

May 4, 2022

Case Laws Income Tax AT

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