Claim of excessive manufacturing loss on converting old gold ...

Excessive Manufacturing Loss Claim in Gold Conversion: 15% Addition Rate Disputed, 7.5% Loss Deemed Reasonable.

April 27, 2023

Case Laws Income Tax AT

Claim of excessive manufacturing loss on converting old gold into new gold - addition @ 15% applied for making the impugned addition - Looking at the nature of business are inclined to uphold that atleast that there is a manufacturing loss of 7.5% on such conversion. - AT

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Claim of excessive manufacturing loss on converting old gold ...

Excessive Manufacturing Loss Claim in Gold Conversion: 15% Addition Rate Disputed, 7.5% Loss Deemed Reasonable.

April 27, 2023

Case Laws Income Tax AT

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