https://www.taxtmi.com/forum/issue?id=2299 Taxpayer in copper wire drawing job work claimed visible (scrap) and invisible process losses; AO disallowed invisible losses asserting no process loss in wire drawing. Advisor advised that the query lacked specifics of AO's grounds and that intrinsic process losses incidental to conversion activities are generally allowable, but the taxpayer must present detailed facts and supporting evidence showing the losses are inherent to the process and not avoidable wastage. en-us Tue, 19 Oct 2010 17:28:43 +0530 Thu, 23 Jan 2025 15:58:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=2299 Taxpayer in copper wire drawing job work claimed visible (scrap) and invisible process losses; AO disallowed invisible losses asserting no process loss in wire drawing. Advisor advised that the query lacked specifics of AO's grounds and that intrinsic process losses incidental to conversion activities are generally allowable, but the taxpayer must present detailed facts and supporting evidence showing the losses are inherent to the process and not avoidable wastage. Discussion-Forum Income Tax Tue, 19 Oct 2010 17:28:43 +0530 https://www.taxtmi.com/forum/issue?id=2299