https://www.taxtmi.com/caselaws?id=282159 The Tribunal allowed the appeal filed by the assessee, deleting the entire addition made by the Assessing Officer on account of excess scrap generation. The Tribunal found no material evidence supporting the excess scrap generation during the relevant year and concluded that the Assessing Officer's inference based on subsequent years' data was merely a suspicion. As the assessee maintained stock registers for manufacturing and scrap generation, with accepted trading results, the Tribunal held that no addition was justified. en-us Fri, 29 Apr 2011 00:00:00 +0530 Wed, 24 Jul 2019 14:52:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=282159 The Tribunal allowed the appeal filed by the assessee, deleting the entire addition made by the Assessing Officer on account of excess scrap generation. The Tribunal found no material evidence supporting the excess scrap generation during the relevant year and concluded that the Assessing Officer's inference based on subsequent years' data was merely a suspicion. As the assessee maintained stock registers for manufacturing and scrap generation, with accepted trading results, the Tribunal held that no addition was justified. Case-Laws Income Tax Fri, 29 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=282159