https://www.taxtmi.com/caselaws?id=180977 The Tribunal upheld the CIT(A)'s decision to delete the addition on account of suppression of production for the assessment year 2004-05. It found the AO's calculations based on electricity consumption unjustified and lacking evidence. The Tribunal agreed that rejecting book results without strong reasons was unwarranted, emphasizing the lack of defects in the accounts and reasonable production figures. The departmental appeal was dismissed, confirming the deletion of the addition. en-us Fri, 13 May 2011 00:00:00 +0530 Tue, 05 Apr 2016 14:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180977 The Tribunal upheld the CIT(A)'s decision to delete the addition on account of suppression of production for the assessment year 2004-05. It found the AO's calculations based on electricity consumption unjustified and lacking evidence. The Tribunal agreed that rejecting book results without strong reasons was unwarranted, emphasizing the lack of defects in the accounts and reasonable production figures. The departmental appeal was dismissed, confirming the deletion of the addition. Case-Laws Income Tax Fri, 13 May 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180977