https://www.taxtmi.com/caselaws?id=35057 The High Court of Delhi dismissed the appeal filed by the Revenue under section 260A of the Income-tax Act, 1961 against the order of the Income-tax Appellate Tribunal for the assessment year 2000-01. The Tribunal's decision to partly allow the appeal by the assessee resulted in the deletion of additions totaling Rs. 30,83,659 made by the Assessing Officer. The discrepancies in scrap generation figures were found to be justified due to ISO certification requirements, leading to a change in reporting practices. The Court upheld the Tribunal's decision, emphasizing that the additions by the Assessing Officer would reflect non-existent production and unearned profit. en-us Wed, 26 Jul 2006 00:00:00 +0530 Thu, 01 Sep 2016 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35057 The High Court of Delhi dismissed the appeal filed by the Revenue under section 260A of the Income-tax Act, 1961 against the order of the Income-tax Appellate Tribunal for the assessment year 2000-01. The Tribunal's decision to partly allow the appeal by the assessee resulted in the deletion of additions totaling Rs. 30,83,659 made by the Assessing Officer. The discrepancies in scrap generation figures were found to be justified due to ISO certification requirements, leading to a change in reporting practices. The Court upheld the Tribunal's decision, emphasizing that the additions by the Assessing Officer would reflect non-existent production and unearned profit. Case-Laws Income Tax Wed, 26 Jul 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35057