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learned CIT(A) inter alia that assessee- company is a manufacturer of Paracetamol powder and was suffering financial difficulties. It had availed of working capital ... over a period, including the year under consideration. The international prices of Paracetamol plunged because of dumping of the product in the international market

instant case, the assessee is engaged in manufacturing and sale of paracetamol. The assessee debited Rs.73,43,678/- in the profit & loss account

assessee company, engaged in manufacture and export of paracetamol, after being processed u/s 143(1) of the Income-tax Act, 1961 [hereinafter referred

assessee's behest. 3. The assessee company manufactures and sells paracetamol. The Assessing Officer completed a regular assessment on 31.03.2005 disallowing assessee