Transit Breakages Not Deductible: Delhi HC Upholds Revenue's Position

The Delhi HC dismissed the Assessee's appeal on transit breakages not being deductible, following precedent from a case involving Seagram Distilleries Pvt. Ltd. The Revenue's position was upheld, and the appeal was rejected.

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The Delhi High Court dismissed the appeal by the Assessee regarding the provision for transit breakages not being an allowable deduction. The judgment was in favor of the Revenue based on a previous case involving Seagram Distilleries Pvt. Ltd. The appeal was accordingly dismissed.

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