ITAT deletes addition made on account of Trading Loss on Sale of Tools and dies used for Car Manufacturing [Read Order]

By Aparna. M - On August 13, 2023 8:00 am - 2 mins read
ITAT - account - Trading- Loss - Sale - Tools - dies - Car- Manufacturing-TAXSCAN

The Income Tax Appellate Tribunal (ITAT) Delhi bench deleted additions made on account of trading loss on sale of tools and dies for car manufacturing. Assessee G-Tekt India Pvt. Ltd. is engaged in the business of manufacturing automotive parts and components.After filing the return of income assessee case was selected for scrutiny  and apart from various…

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