In absence of Comparables production loss shown by Assessee must be accepted

Advocate Akhilesh Kumar Sah ACIT Vs Johnson & Johnson Ltd (ITAT Mumbai) Production loss depends on number of factors and in absence of any comparable to show that loss shown by the assessee is excessive, the contention of the assessee has to be accepted Recently, in ACIT vs. Johnson & Johnson Ltd. & vice-versa [ITA Nos.1776 & 1777/M/2017 A.Y.s: 2003-04 & 2004-05, decided on 18.06.2018, one of the ground raised by Revenue was that on the facts in the circumstances of the case and in law, the CIT(A) has erred deleting the addition of Rs. 2,67,88,516/- on account of unacco...