https://www.taxtmi.com/caselaws?id=339646 The Income Tax Appellate Tribunal's decision was remanded for fresh examination due to discrepancies in the estimation of sugar and bagasse yield percentages for income tax assessment. The Commissioner of Income Tax (Appeals) favored the appellant, relying on excise records, while the Tribunal used different yield percentages based on past records. The Court emphasized the importance of specific year-based evidence and directed the Tribunal to reconsider the issue based on the presented records within a specified timeframe, highlighting the need for case-specific assessments over generalizations. en-us Mon, 27 Feb 2017 00:00:00 +0530 Fri, 03 Mar 2017 17:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=339646 The Income Tax Appellate Tribunal's decision was remanded for fresh examination due to discrepancies in the estimation of sugar and bagasse yield percentages for income tax assessment. The Commissioner of Income Tax (Appeals) favored the appellant, relying on excise records, while the Tribunal used different yield percentages based on past records. The Court emphasized the importance of specific year-based evidence and directed the Tribunal to reconsider the issue based on the presented records within a specified timeframe, highlighting the need for case-specific assessments over generalizations. Case-Laws Income Tax Mon, 27 Feb 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=339646