SUYOJIT BOITECH,NASHIK vs. ASSISTANT COMMISSIONER OF INCOME TAX CENTRAL CIRCLE -2, NASHIK
Appeal is allowed
ITA 3/PUN/2021[2012-13]Status: DisposedITAT Pune11 Aug 2022AY 2012-13
For Appellant: Shri Pramod S. ShingteFor Respondent: Shri M.G. Jasnani
Section 143(3)Section 80Section 80J
section 80JJA of the Act. Further the appellant failed to produce any supporting evidence in respect of the cost of compost vis-a-vis market price and subsequent sale price. Therefore, considering all these facts in totality, the AO was justified in adopting the transfer rate of compost at Rs. 1.25/- per kg which is reasonable since ever after this