https://www.taxtmi.com/caselaws?id=269684 The Tribunal dismissed the appeals filed by the Revenue and partly allowed the appeals filed by the assessee. It held that no addition could be made on the basis of erratic electricity consumption and deleted the additions sustained by the CIT(A). The rejection of books of accounts and the addition on account of working capital required for unrecorded production were also held to be unjustified. The reassessment proceedings and the issue of non-issuance of notice under section 143(2) were dismissed as academic. en-us Mon, 30 Nov 2015 00:00:00 +0530 Wed, 16 Dec 2015 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269684 The Tribunal dismissed the appeals filed by the Revenue and partly allowed the appeals filed by the assessee. It held that no addition could be made on the basis of erratic electricity consumption and deleted the additions sustained by the CIT(A). The rejection of books of accounts and the addition on account of working capital required for unrecorded production were also held to be unjustified. The reassessment proceedings and the issue of non-issuance of notice under section 143(2) were dismissed as academic. Case-Laws Income Tax Mon, 30 Nov 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269684