Faceless assessment and registration procedures are updated through electronic communication, revised recovery rules, extended deadlines, and replacem...
Risk-based selective vessel boarding requires accurate declarations and preserves master and agent liability where physical inspections are not select...
Permanent-establishment reassessment cannot revisit scrutinised disclosures; extended reopening fails without undisclosed material facts and within st...
Addition on account of unaccounted production and stock - Estimation of wastage generated in the production unit - The method adopted by assessee is more scientific as it takes into consideration all the factors affecting the consumption in a year. Further by taking yearly average, the fact of fluctuation is diluted and it gives a more scientific picture of state of affairs. The Assessing officer adopted only onemonth average, which does not represent a proper sample for working out of consumption for whole year. - AT
Addition on account of unaccounted production and stock - Estimation of wastage generated in the production unit - The method adopted by assessee is more scientific as it takes into consideration all the factors affecting the consumption in a year. Further by taking yearly average, the fact of fluctuation is diluted and it gives a more scientific picture of state of affairs. The Assessing officer adopted only onemonth average, which does not represent a proper sample for working out of consumption for whole year. - AT
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
