https://www.taxtmi.com/caselaws?id=199099 The appeal challenging the deletion of an addition of Rs. 52,44,064/- on account of low recovery of oil by the Income-tax Appellate Tribunal was dismissed. The Tribunal upheld the Commissioner (Appeals)'s decision, noting the Assessing Officer's misdirection in recalculating the oil yield and finding the assessee's declared yield reasonable. Expert opinions and consistent methods of computing yield supported the decision, with no evidence of unaccounted production or sales. The Tribunal found no legal issues warranting a different outcome, affirming the deletion of the addition. en-us Sat, 15 Sep 2012 00:00:00 +0530 Tue, 20 Feb 2018 11:11:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=199099 The appeal challenging the deletion of an addition of Rs. 52,44,064/- on account of low recovery of oil by the Income-tax Appellate Tribunal was dismissed. The Tribunal upheld the Commissioner (Appeals)'s decision, noting the Assessing Officer's misdirection in recalculating the oil yield and finding the assessee's declared yield reasonable. Expert opinions and consistent methods of computing yield supported the decision, with no evidence of unaccounted production or sales. The Tribunal found no legal issues warranting a different outcome, affirming the deletion of the addition. Case-Laws Income Tax Sat, 15 Sep 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=199099