process loss during copper wire drawing

[ashok agarwal]

AO has not allowed the burning/process loss in job work of copper wire drawing

[Rama Krishana]

In the query, you did not specify the ground on which loss was disallowed by the AO. In general loss should have been allowed. Make your query elaborate.

[ashok agarwal]

our client doing job work of copper wire drawing, and claim losses both visible ( scrap ) and invisible losses, the AO has not allowed the invisible losses and said that there are not process loss in wire drawing. pl advice and give the relevent cases, if any.

AI Summary

Assessing Officer Disallows Invisible Losses in Copper Wire Drawing; Seeks Advice on Supporting Claims and Case References A query was raised regarding the disallowance of process loss during copper wire drawing by the Assessing Officer (AO) in an income tax context. The AO did not permit claims for invisible losses, asserting there is no process loss in wire drawing. A respondent suggested that such losses should generally be allowed and requested more details about the AO's grounds for disallowance. The original poster clarified that their client claims both visible and invisible losses and sought advice and relevant case references to support their claim.