M/S SHREE DIGVIJAYA WOOLLEN MILLS LTD. AMRITSAR vs. COMMISSIONER OF INCOMT-TAX, AMRITSAR
ITR/3/2010HC Punjab & Haryana22 Mar 2024
Bench: MR. JUSTICE SANJEEV PRAKASH SHARMA,MRS. JUSTICE SUDEEPTI SHARMA
Section 256(2)
139 kgs) as excessive wastage. The A.O. then went further, and
held that this excess wastage of 22,199 kgs, should have been added to the total
income of the assessee at the rate at which the closing stock in the worsted yarn
store has been valued by the assessee which is Rs.154.44 per kgs. Consequently,
the addition of Rs.34
