Addition was made on the basis of material found during course of survey and assessee was not able to reconcile same, even after having been provided an opportunity of hearing before lower authorities. (AY. 2007-08)
Jaico Automobile Engineering Company (P.) Ltd. v. DCIT (2022) 192 ITD 147 (Bang.)(Trib.)
S. 145 : Method of accounting-Scrap sale-Estimation of profit-Survey-Not able to reconcile-Addition is held to be justified. [S.133A]