addition/disallowance of Rs. 2,50,000/- on a/c of consumable
stores and chemical expenses.
6. That the ld. Commissioner of Income ... regarding an addition/disallowance
made by the AO on account of consumable stores and chemical expenses which was
deleted
Purchase Components 32243770.00 37167911.76
Job Work 43489656.00 45881428.87
Consumable Stores 45020791.00 62980249.92
Wages and Allowances 91885985.00 113517759.00
Oils & Lubricants 37081809.00 51989540.29
4
Electricity Expenses ... disproportionately high to the increase in the sales e.g. consumable stores
has increased by 40% in the current year over the last year. Similarly
Delhi.
essentially incurred on fabrication charges, consumption of
indigenous consumable stores, import of components and
spare parts and cleaning and forwarding and freight. Thus
profession, but does not include-
(i) any stock- in- trade, consumable stores or raw materials held for the purposes of his business or profession
trade other than the securities referred to in sub-clause (b),
consumable stores or raw materials held for the purposes of his business or
profession
Sh. Ajay Goel, Shimla vs Dcit, Chandigarh on 13 June, 2018
IN THE INCOME TAX
profession, but does not include--
(i) any stock-in-trade,
consumable stores or raw materials held for the purposes of his busi ness or
profession
there was a solitary mistake in debiting cost of wires to consumable stores account
and there was no suggestion from the Income-tax Department, that
judgement of the
Apex Court in Central Co-operative Consumers' Store Limited .vs. Labour
Court, H.P at Shimla and another reported
business or
profession, but does not include any stock-in-trade, consumable stores or
raw materials held for the purpose of business or profession ... appellant-assessee that the membership deposit was stock-in-
trade, consumable or raw material for the purchase of business. The
membership card was an asset
