https://www.taxtmi.com/caselaws?id=182308 Additions in block assessment based on excise register comparisons, burning loss, stock discrepancies and alleged suppression of production were not sustained where the assessment rested on the Assessing Officer's own verification and assumptions rather than reliable material. The Court accepted that an income-tax authority cannot assume the role of an excise authority to resolve technical production issues without expert support, particularly in a manufacturing context. It upheld the Tribunal's view that stock could not safely be matched with RG-I entries and that the conclusions were conjectural. The additions deleted by the Tribunal were therefore correctly deleted, and the remaining additions sustained by the Tribunal did not call for interference. en-us Wed, 29 Oct 2014 00:00:00 +0530 Sat, 07 May 2016 10:29:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182308 Additions in block assessment based on excise register comparisons, burning loss, stock discrepancies and alleged suppression of production were not sustained where the assessment rested on the Assessing Officer's own verification and assumptions rather than reliable material. The Court accepted that an income-tax authority cannot assume the role of an excise authority to resolve technical production issues without expert support, particularly in a manufacturing context. It upheld the Tribunal's view that stock could not safely be matched with RG-I entries and that the conclusions were conjectural. The additions deleted by the Tribunal were therefore correctly deleted, and the remaining additions sustained by the Tribunal did not call for interference. Case-Laws Income Tax Wed, 29 Oct 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182308