https://www.taxtmi.com/caselaws?id=257421 An addition for alleged inflated production cost and suppressed closing stock was held unsustainable where the audited sales and consumption figures were reconcilable and the assessee had sold components and spares, including inputs removed as such in after-sales service. Supporting invoices and excise records were available, and the Assessing Officer brought no material to show double claiming of the same material or unreliability of the books and stock records. As the addition rested only on suspicion and not on any established discrepancy in the documentary record, the deletion by the Commissioner of Income-tax (Appeals) was upheld in favour of the assessee. en-us Fri, 18 Jul 2014 00:00:00 +0530 Thu, 12 Mar 2015 09:24:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257421 An addition for alleged inflated production cost and suppressed closing stock was held unsustainable where the audited sales and consumption figures were reconcilable and the assessee had sold components and spares, including inputs removed as such in after-sales service. Supporting invoices and excise records were available, and the Assessing Officer brought no material to show double claiming of the same material or unreliability of the books and stock records. As the addition rested only on suspicion and not on any established discrepancy in the documentary record, the deletion by the Commissioner of Income-tax (Appeals) was upheld in favour of the assessee. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257421