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2018 (8) TMI 1139 - ALLAHABAD HIGH COURTEstimation of income - allegation of suppressed production and sale of bagasse - ascertaining sugarcane loss - Addition on the basis of examining and comparing the production of bagasse in another sugar factory - Held that:- Upon examining the material on record, we do find that the addition has been made simply on account of recoveries made by another sugar factory. The assessee on the other hand states that it did produce the material before the Assessing officer to show what recoveries had been made and that everything was duly recorded in the books of account. The matter requires reconsideration. - Matter remanded back to tribunal.
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