https://www.taxtmi.com/caselaws?id=62218 The Tribunal partially allowed the appeal in a case involving omission to record consignment sales and excessive driage claim. Regarding consignment sales, the Tribunal approved the appellant's accounting method of recording sales upon receipt of sale pattikas, allowing a 50% margin for delayed receipts and excluding certain sales. On the excessive driage claim, the Tribunal estimated allowable driage at 40% of the disputed quantity, providing partial relief to the appellant. The Tribunal directed the ITO to recast the trading account and adjust closing stock accordingly. en-us Thu, 12 Nov 1992 00:00:00 +0530 Tue, 18 Jan 2011 16:02:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62218 The Tribunal partially allowed the appeal in a case involving omission to record consignment sales and excessive driage claim. Regarding consignment sales, the Tribunal approved the appellant's accounting method of recording sales upon receipt of sale pattikas, allowing a 50% margin for delayed receipts and excluding certain sales. On the excessive driage claim, the Tribunal estimated allowable driage at 40% of the disputed quantity, providing partial relief to the appellant. The Tribunal directed the ITO to recast the trading account and adjust closing stock accordingly. Case-Laws Income Tax Thu, 12 Nov 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62218