M/S.PRINCE ROLLER FLOUR MILLS P. LTD,PALAKKAD vs. THE ACIT, KOCHI

In the result, appeals of the assessee are allowed and the appeals of the

Bench: S/Shri Chandra Poojari, Am&George George K., Jm

73,850 Income undisclosed in the hands of the Assessee Rs.1,27,76,083 [1] Savings on VAT on the said Rs.5,01,49,933/- [4-1] = 3% [5,01,49,933x3%] Rs.15,04,498/- [2] The assessee when pricing the product in the open market would not differentiate between its VAT levied and non levied items and could have

THE ACIT, KOCHI vs. M/S.PRINCE ROLLER FLOUR MILLS P. LTD, PALAKKAD

In the result, appeals of the assessee are allowed and the appeals of the