Wednesday, 19 March 2014

Variation in electricity consumption doesn't show involvement of any unexplained exp.

IT: Where assessee's books had been prepared on basis of bills and vouchers and there was no allegation that either purchase of raw-material or production was found unrecorded, mere fact that there was some variation during few months in electricity consumption could not be a basis for making addition on account of unaccounted production and gross profit on unaccounted sales


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