{"id":18637,"date":"2021-05-26T11:27:57","date_gmt":"2021-05-26T05:57:57","guid":{"rendered":"https:\/\/itatonline.org\/digest\/shri-anant-steel-pvt-ltd-v-ito-202185-itr-60-sndelhi-trib\/"},"modified":"2021-05-26T11:27:57","modified_gmt":"2021-05-26T05:57:57","slug":"shri-anant-steel-pvt-ltd-v-ito-202185-itr-60-sndelhi-trib","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/shri-anant-steel-pvt-ltd-v-ito-202185-itr-60-sndelhi-trib\/","title":{"rendered":"Shri Anant Steel Pvt. Ltd. v. ITO (2021)85 ITR 60 (SN)(Delhi) (Trib)"},"content":{"rendered":"<p>Tribunal held that there was no standard percentage of burning loss in furnace, which varied from furnace to furnace ; as a single kind of scrap could not be used, the percentage of loss varied from scrap to scrap. Moreover, the assessee\u2019s record of the burning loss agreed with the consumption and production of finished goods. The Assessing Officer\u2019s addition made on estimate basis was not sustainable.<em> .(<\/em> AY.2014-15)<\/p>\n<p><strong>\u00a0<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 28(i) : Business loss &#8211; Goods lost due to burning \u2014 Estimate made per consumption and production of  goods accurate \u2014 Addition made  on estimate basis rejected . [ S.143 (3) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-18637","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-4QB","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18637","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=18637"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18637\/revisions"}],"predecessor-version":[{"id":18638,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/18637\/revisions\/18638"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=18637"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=18637"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=18637"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}