TMI Blog2013 (1) TMI 650X X X X Extracts X X X X X X X X Extracts X X X X ..... n the manufacturing account in consolidated form although there is wide variation in the market price in these products best known to him. Also there was wide variation in the percentage of yield of oil, sale rates of oil and oil cakes in the market, but keeping in view the yield disclosed by the appellant in the consolidated form not only the books of account were rejected but also the yield was ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 'the Act') against an order dated 17.05.2012 (A-3) passed by the Income Tax Appellate Tribunal Bench-A, Chandigarh (for short 'the Tribunal') in ITA No. 1119/CHD/2011 in respect of the assessment year 2008-09. The appellant has raised the following substantial questions of law: (i) Whether under the facts and circumstances of the case, the ITAT is justified in confirming addition of Rs. 3,0 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... @ 11% as against 9.85% declared by the assessee in respect of oil from cotton seeds. The Assessing Officer has adopted the yield at 11% and made addition of Rs. 8,68,800/- in income. The said addition was reduced by the Commissioner of Income Tax(A) to Rs. 2 lacs but the Tribunal accepted the appeal of the Revenue and increased the yield and made addition to the extent of Rs. 3 lacs. We do no ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... and oil cakes in the market, but keeping in view the yield disclosed by the appellant in the consolidated form not only the books of account were rejected but also the yield was assessed in a particular manner. The order passed by the Tribunal is based upon pure findings of fact. We find that first substantial question of law does not arise for consideration. In respect of the second substantia ..... X X X X Extracts X X X X X X X X Extracts X X X X
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