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2017 (3) TMI 149 - HC - Income TaxEstimation of yield of sugar - Held that:- While the Commissioner of Income Tax Appeals has looked at the assessment in the context of the evidence specific to the year in question namely excise records and thereafter proceeded to delete the additions, but the tribunal has not returned any finding as to the correctness of the figure recorded in the excise record and has proceeded on an independent reasoning namely of the similar results achieved by the assessee in different years. While each assessment year is an independent unit and findings are required to be returned specific to the evidence i.e. adduced by the parties on year to year basis, the reasoning given by the tribunal de hors the evidence existing on record is not sustainable inasmuch as specific evidence and reasoning that had been considered by the C.I.T. (Appeal) was required to be weighed first and if the same any estimation was to be made thereafter, other evidence may have been relevant. We are therefore of the opinion that the matter requires to be examined afresh by the tribunal especially in view of the excise record produced by the assessee before the C.I.T. (Appeal) as also before the tribunal.
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