Tribunal held that excess wastage of raw material would not ipso facto lead to an inference of suppressed/unaccounted production carried out by assesse de hors any material evidencing factum of suppressed/unaccounted production carried out by assessee. (AY. 2012-13)
Medley Pharmaceuticals Ltd. v. DCIT (2020) 184 ITD 8/207 TTJ 143 (Mum.)(Trib.)
S. 28(i) : Business income-Excess wastage of raw material-Cannot be assessed as suppressed/unaccounted production.