https://www.taxtmi.com/caselaws?id=13678 The Tribunal overturned the Assessing Officer's decision to add Rs. 64,92,710 to the income of the assessee-company due to excessive wastage in nylon yarn production. The Tribunal found no justification for rejecting the accounts, emphasizing the need for serious infirmities to do so. The reliance on certificates from a West German company was upheld, supporting the assessee's accounting for wastage. The Tribunal's decision was based on factual appraisal, leading to the deletion of the addition and ruling in favor of the assessee on all issues without costs. en-us Wed, 07 Dec 2005 00:00:00 +0530 Wed, 01 Jul 2009 15:28:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13678 The Tribunal overturned the Assessing Officer's decision to add Rs. 64,92,710 to the income of the assessee-company due to excessive wastage in nylon yarn production. The Tribunal found no justification for rejecting the accounts, emphasizing the need for serious infirmities to do so. The reliance on certificates from a West German company was upheld, supporting the assessee's accounting for wastage. The Tribunal's decision was based on factual appraisal, leading to the deletion of the addition and ruling in favor of the assessee on all issues without costs. Case-Laws Income Tax Wed, 07 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13678