The Tribunal held that no addition for alleged unaccounted production or sales could be made merely on the basis of variation in electricity consumption in the absence of evidence of unaccounted purchases, production or sales. Since the assessee had satisfactorily explained the variation in power consumption and no incriminating material was found during the search, the addition was deleted (AY. 2018-19 to 2020-21)
Rosha Alloys (P.) Ltd. v. DCIT (2025) 238 TTJ 357 / 127 ITR 76 / 175 taxmann.com 622 (Chd.)(Trib.)
S. 143(3): Assessment-Unaccounted Production-Electricity consumption alone cannot justify an addition.[S. 69]
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