Allowing the appeal the Tribunal held that the assessee explained that certain scrap shown in RGI has been retained by job workers for which confirmation and affidavits were filed. Addition as alleged unaccounted sale of scrap is held to be unsustainable. (AY. 2013-14)
Agrasen Engineering Industries Pvt. Ltd. v. ACIT (2020) 186 DTR 197/ 203 TTJ 498 (Jaipur)(Trib.)
S. 69 : Unexplained investments–Income from undisclosed source-Alleged sale of scraps-Addition is held to be not justified.[S. 4, 145]