https://www.taxtmi.com/caselaws?id=217573 The Tribunal upheld the Assessing Officer's decision to restrict the invisible loss claimed by the assessee to 1.5%, disallowing the excess claimed. The Tribunal directed a reevaluation of the invisible loss and emphasized the importance of a scientific analysis of loss claims, instructing the Assessing Officer to compare consumption data with industrial standards. The Tribunal allowed the Revenue's appeals, dismissed the assessee's cross-objections, and remitted the matter back to the Assessing Officer for a fresh consideration in line with its directions. en-us Tue, 31 Jul 2012 00:00:00 +0530 Thu, 18 Oct 2012 23:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217573 The Tribunal upheld the Assessing Officer's decision to restrict the invisible loss claimed by the assessee to 1.5%, disallowing the excess claimed. The Tribunal directed a reevaluation of the invisible loss and emphasized the importance of a scientific analysis of loss claims, instructing the Assessing Officer to compare consumption data with industrial standards. The Tribunal allowed the Revenue's appeals, dismissed the assessee's cross-objections, and remitted the matter back to the Assessing Officer for a fresh consideration in line with its directions. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217573