Allowing the appeal the Court held that there was nothing on record to indicate that there was suppression of materials by assessee nor there was anything to indicate that wastage as mentioned by assessee for year under consideration could not have been shown. Accordingly the addition was deleted. (AY. 2006-07)
Sidhant Leather Exports (P.) Ltd. v. CIT (2023) 459 ITR 318 / 293 Taxman 412 (Cal.)(HC)
S. 145 : Method of accounting-Consumption of leather-No suppression of material-Addition was deleted.