Court Rules No Basis for Disallowing Depletion Claim on Related Party Sales; Evidence Deemed Reliable by Assessee.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Disallowance of assessee’s claim for depletion of closing stock - sales to related parties - there was no justifiable reason for the AO to reject the said evidence and as unreliable.....