https://www.taxtmi.com/caselaws?id=332948 The Appellate Tribunal allowed the assessee's appeal for statistical purposes and dismissed the Revenue's appeal. The Tribunal directed the Assessing Officer to verify if the material worth &8377;33,25,027/- was used at zero cost and profits from sales were taxed. It emphasized that if raw material was used at zero cost and corresponding profits were taxed, no further additions should be made. en-us Thu, 25 Aug 2016 00:00:00 +0530 Fri, 30 Sep 2016 07:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=332948 The Appellate Tribunal allowed the assessee's appeal for statistical purposes and dismissed the Revenue's appeal. The Tribunal directed the Assessing Officer to verify if the material worth &8377;33,25,027/- was used at zero cost and profits from sales were taxed. It emphasized that if raw material was used at zero cost and corresponding profits were taxed, no further additions should be made. Case-Laws Income Tax Thu, 25 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=332948