https://www.taxtmi.com/caselaws?id=181718 The High Court upheld the tribunal's decision in a tax appeal case, dismissing the appeal and ruling in favor of the assessee company. The court found that the Assessing Officer's disallowance on account of process loss and suppression of production and sales lacked concrete evidence, emphasizing the fluctuating nature of process loss and the impact of raw material quality. Additionally, the court allowed relief under sections 80HH and 80I of the Income Tax Act, citing precedents and rejecting the Revenue's attempt to take a contrary view. en-us Wed, 20 Jul 2011 00:00:00 +0530 Fri, 22 Apr 2016 16:19:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181718 The High Court upheld the tribunal's decision in a tax appeal case, dismissing the appeal and ruling in favor of the assessee company. The court found that the Assessing Officer's disallowance on account of process loss and suppression of production and sales lacked concrete evidence, emphasizing the fluctuating nature of process loss and the impact of raw material quality. Additionally, the court allowed relief under sections 80HH and 80I of the Income Tax Act, citing precedents and rejecting the Revenue's attempt to take a contrary view. Case-Laws Income Tax Wed, 20 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181718