1982 (9) TMI 135

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....The assessee firm carries on the business of manufacture and sale, local and export of various items of curry powder like sambar, rasam, garam masala and the like. 2. ITA Nos. 1503 & 1504 (Mds) 81 (Asst. yrs. 1976-77 and 1977-78)-Appeals by assessee. (1) Wastage : The assessee had claimed an overall wastage of 12.05 per cent of for asst. yr. 1976-77 and 11.41 per cent for asst. yr. 1977-78. ....

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....here the overall wastage was 14.79 per cent? The assessment for asst. yr. 1979-80 was completed on 8th March, 1982. The ITO accepted the returned wastage of 14.79 per cent without any demur. In fact, it was an assessment made under s. 144B on directions of the IAC. Of course as the ITO accepted the wastage and question of wastage was not before the IAC when he gave the directions. We only point it....

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....s line of trade such claim is ordinarily bona fide one. In this line of trade the materials which go waste cannot be collected and sold outside the books. It goes as dust and powder and falls into the ground. The sweeping of the wastage from the floor are certainly not edible and have only to be thrown out or discarded. So there is only a remote possibility for false claim in the quantum of wastag....