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Case Law Details
- Case Name
- Ankur Cm Food Products (Guj) Ltd. Vs Dy. CIT (ITAT Rajkot)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2002-03
- Courts
- All ITAT, ITAT Rajkot
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Ankur Cm Food Products (Guj) Ltd. Vs Dy. CIT (ITAT Rajkot)- Ground No.2 of appeal of revenue is in respect of deletion of addition of Rs.7,01,1 19 on account of excess stock of packing material. During the course of survey at factory premises empty bags and empty pouches numbers 1,02,98,914 were found against the book stock of 83,39,051. There was excess stock of packing material of 19,59,863 pouches valuing Rs. 7,01,119. In the statement, Shri Ashok Parekh, director of the company while answering question No.3 9 stated that packing material of outside parties for which the assessee is doing j...
