https://www.taxtmi.com/caselaws?id=198248 The Tribunal ruled in favor of the assessee, overturning the additions made by the Assessing Officer and upheld by the CIT(A) regarding alleged suppression of production and sales based on erratic electricity consumption. The Tribunal also rejected the Revenue's appeal against the application of a 4% Gross Profit rate, emphasizing the necessity of concrete evidence and independent investigation to support such additions. en-us Wed, 15 Jul 2015 00:00:00 +0530 Sat, 27 Jan 2018 08:24:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198248 The Tribunal ruled in favor of the assessee, overturning the additions made by the Assessing Officer and upheld by the CIT(A) regarding alleged suppression of production and sales based on erratic electricity consumption. The Tribunal also rejected the Revenue's appeal against the application of a 4% Gross Profit rate, emphasizing the necessity of concrete evidence and independent investigation to support such additions. Case-Laws Income Tax Wed, 15 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198248