Dismissing the appeal of the assessee the Court held that the Tribunal is justified in confirming the rejection of books of account and addition made by the AO when there is Mismatch of consumption of raw material and output of drugs manufactured. (AY. 2009-10)
Paras Organics (P.) Ltd. v. ACIT (2019) 263 Taxman 44 (Bom.)(HC)
S. 145 : Method of accounting–Rejection of books of account– Suppression of production- Mismatch of consumption of raw material and output of drugs manufactured- Addition is held to be justified.