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Acg Associated Capsules P.Ltd vs C.I.T Central-Iv Mumbai on 8 February, 2012

7. We have heard rival submissions and perused the material on record. Ground No.4 raised above has been decided by the Tribunal in assessee's own case for assessment years 2012-2013 and 2013-2014 (supra). The Tribunal in the above case, by following the judgment of the Hon'ble Supreme Court in the case of ACG Associates Capsules Pvt. Ltd. v. CIT reported in (2012) 343 ITR 89 (SC) had directed the A.O. to adopt the netting method. The relevant finding of the Tribunal reads as follows:-
Supreme Court of India Cites 14 - Cited by 297 - A K Patnaik - Full Document
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