https://www.taxtmi.com/caselaws?id=469605 In petrol and diesel stock accounts, evaporation or handling loss of up to 1% was treated as a reasonable norm, so only the excess over that level could justify an addition. The Tribunal relied on an earlier co-ordinate Bench view accepting 1% as normal in similar circumstances and found no reason to depart from that approach. On that basis, the restriction of the addition to the amount beyond 1% was upheld, and the Revenue's challenge failed. en-us Tue, 27 Nov 2012 00:00:00 +0530 Wed, 24 Jun 2026 10:16:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469605 In petrol and diesel stock accounts, evaporation or handling loss of up to 1% was treated as a reasonable norm, so only the excess over that level could justify an addition. The Tribunal relied on an earlier co-ordinate Bench view accepting 1% as normal in similar circumstances and found no reason to depart from that approach. On that basis, the restriction of the addition to the amount beyond 1% was upheld, and the Revenue's challenge failed. Case-Laws Income Tax Tue, 27 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469605