https://www.taxtmi.com/caselaws?id=186212 The Tribunal set aside the addition made by the Assessing Officer on account of scrap/wastage sale in the business of manufacturing and export of ready-made garments. The Tribunal found that the appellant's explanation for the low scrap sales was valid, and the estimation of income from scrap sale at 0.2% of turnover was not justified. It was noted that the appellant had not conclusively proven the quantum of wastage, but there was no evidence of excessive wastage or suppression of production. Therefore, the Tribunal deleted the addition, emphasizing the acceptance of the production and trading accounts. en-us Wed, 16 Jun 2010 00:00:00 +0530 Fri, 09 Sep 2016 18:32:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186212 The Tribunal set aside the addition made by the Assessing Officer on account of scrap/wastage sale in the business of manufacturing and export of ready-made garments. The Tribunal found that the appellant's explanation for the low scrap sales was valid, and the estimation of income from scrap sale at 0.2% of turnover was not justified. It was noted that the appellant had not conclusively proven the quantum of wastage, but there was no evidence of excessive wastage or suppression of production. Therefore, the Tribunal deleted the addition, emphasizing the acceptance of the production and trading accounts. Case-Laws Income Tax Wed, 16 Jun 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186212