https://www.taxtmi.com/caselaws?id=359872 The High Court partially allowed the appeal. The Court ruled in favor of the appellant concerning the cost of production, finding the assessment based on arbitrary comparisons without relevant material. However, the Court sided with the respondent-department on the issue of packing material expenses, as the appellant lacked sufficient supporting evidence. The Tribunal's decision was partially overturned, emphasizing the requirement for concrete evidence in tax assessments. en-us Mon, 05 Mar 2018 00:00:00 +0530 Sat, 05 May 2018 08:43:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359872 The High Court partially allowed the appeal. The Court ruled in favor of the appellant concerning the cost of production, finding the assessment based on arbitrary comparisons without relevant material. However, the Court sided with the respondent-department on the issue of packing material expenses, as the appellant lacked sufficient supporting evidence. The Tribunal's decision was partially overturned, emphasizing the requirement for concrete evidence in tax assessments. Case-Laws Income Tax Mon, 05 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359872