https://www.taxtmi.com/caselaws?id=216425 The Tribunal ruled in favor of the appellant, overturning the addition made on account of scrap sales. The Tribunal found that the Assessing Officer's estimation lacked concrete evidence and noted inconsistencies in applying estimation guidelines across related cases. The appellant successfully argued that the scrap generated had negligible value and was destroyed for confidentiality reasons. The Tribunal concluded that there was no basis to uphold the addition, ultimately allowing the appeal. en-us Fri, 20 Jul 2012 00:00:00 +0530 Fri, 07 Sep 2012 13:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216425 The Tribunal ruled in favor of the appellant, overturning the addition made on account of scrap sales. The Tribunal found that the Assessing Officer's estimation lacked concrete evidence and noted inconsistencies in applying estimation guidelines across related cases. The appellant successfully argued that the scrap generated had negligible value and was destroyed for confidentiality reasons. The Tribunal concluded that there was no basis to uphold the addition, ultimately allowing the appeal. Case-Laws Income Tax Fri, 20 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216425