Coal price revision and dispatch expense deduction reduced the taxable addition and relieved the assessee.

The taxable addition was recalculated after the books showed that the coal realised a lower price than initially taken and that dispatch expenses were deductible at six annas per ton. On that basis, the Commissioner revised the figures and reduced the assessable addition to the lower computed amount, granting relief to the assessee through a corresponding reduction in the assessment.

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Issues: Whether the addition to the assessee's taxable profits should be reduced on the basis of the revised coal price and allowance of dispatch expenses.

Analysis: The Commissioner restated the figures after examining the books and accepted that the price realised for the coal was lower than first taken, and that a deduction at the rate of six annas per ton for dispatch expenses ought to be allowed. On that basis, the assessable addition was recalculated at Rs. 29,294 instead of the earlier higher figure.

Conclusion: The assessment was reduced and the assessee succeeded to the extent of the revised computation.

Final Conclusion: The taxable addition was materially lowered, resulting in relief to the assessee and a corresponding reduction in the assessment.

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