https://www.taxtmi.com/caselaws?id=461603 ITAT Pune dismissed Revenue's appeal regarding addition on account of low melting gains. The assessee, dealing in old ornaments, maintained proper melting gain/loss registers without any defects identified by AO in books of accounts. Following its own precedent for A.Y. 2014-15, ITAT held that melting gains vary due to multiple factors affecting purity of old ornaments, making generalization difficult. CIT(A) correctly directed deletion of addition based on earlier favorable ITAT decision for A.Y. 2009-10. en-us Tue, 14 Mar 2023 00:00:00 +0530 Tue, 15 Apr 2025 19:01:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461603 ITAT Pune dismissed Revenue's appeal regarding addition on account of low melting gains. The assessee, dealing in old ornaments, maintained proper melting gain/loss registers without any defects identified by AO in books of accounts. Following its own precedent for A.Y. 2014-15, ITAT held that melting gains vary due to multiple factors affecting purity of old ornaments, making generalization difficult. CIT(A) correctly directed deletion of addition based on earlier favorable ITAT decision for A.Y. 2009-10. Case-Laws Income Tax Tue, 14 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461603