https://www.taxtmi.com/caselaws?id=117245 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 5,47,290 made by the Assessing Officer on account of excessive shortage in the rice bran processing account. The Tribunal found no defects in the assessee's account books, supported by audit and verification. They concluded that the Assessing Officer lacked valid reasons to question the claimed wastage percentage, especially considering higher wastage percentages accepted in subsequent years. Consequently, the Tribunal dismissed the Department's appeal. en-us Mon, 16 Sep 2002 00:00:00 +0530 Thu, 21 Jun 2012 13:02:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117245 The Tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 5,47,290 made by the Assessing Officer on account of excessive shortage in the rice bran processing account. The Tribunal found no defects in the assessee's account books, supported by audit and verification. They concluded that the Assessing Officer lacked valid reasons to question the claimed wastage percentage, especially considering higher wastage percentages accepted in subsequent years. Consequently, the Tribunal dismissed the Department's appeal. Case-Laws Income Tax Mon, 16 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117245