companies
providing accommodation entries. Both these companies are leading
manufacturers of steel TMT Bars/Billets/ Ingots in the Jalna region and this fact
has also ... general was suffering from losses due to global
slowdown and recession. Many leading companies had also reported losses during
this period. He accordingly submitted that
Shri Sanjaykumar Ramkishan ... vs Department Of Income Tax on 31 March, 2016
आयकर अपील�य
Letter dated 9.8.2008 of Electrotherm to a client
suggesting reasons which lead to high power- consumption,
and another Letter dated 5.4.2008 of Electrotherm agreeing-.,
with ... considered different electricity
consumption figures for production of 1 MT of MS Ingots,
reported in following different reports
Letter dated 9.8.2008 of Electrotherm to a client suggesting
reasons which lead to high power- consumption, and another
Letter dated 5.4.2008 of Electrotherm agreeing-., with ... considered different electricity consumption figures
for production of 1 MT of MS Ingots, reported in following different
reports
Adinath Concast P Ltd, Jalna vs Assessee on 5 August, 2015
आयकर अपील
य अ
conducted and the electricity consumption for manufacture of 1MT of MS
Ingots was found to be more than 1026 units of electricity.
8. In these ... units per MT were
required to manufacture one MT of MS ingots / billets and the
assessee was issued show cause notice in this regard. However
Letter dated 9.8.2008 of Electrotherm to a client
suggesting reasons which lead to high power- consumption,
and another Letter dated 5.4.2008 of Electrotherm agreeing-.,
with ... considered different electricity
consumption figures for production of 1 MT of MS Ingots,
reported in following different reports
both the authorized
representatives.
55. While arguing the appeals in the lead case of Shree Om Rolling Mills
Pvt. Ltd. on 05.05.2015, the Ld. Special ... case of furnace, which
is engaged in the manufacture of ingots / billets, whereas manufacturing of
TMT bars is carried out by Shree Om Rolling Mills
observed that the
assessee purchased entire raw material in the form of Ingots/billets
from its sister concern, viz., Mauli Steels Pvt. Ltd., Jalna. The
assessee ... furnish any explanation and details
substantiating the claim of rate difference leading to disallowance
of Rs.26,33,125. It was also held that
Naresh B Jindal, Aurangabad vs Department Of Income Tax on 26 June, 2015
IN THE
