https://www.taxtmi.com/caselaws?id=365667 The High Court directed the matter to be reconsidered by the tribunal based on the existing material on record, emphasizing the need for a lawful decision. The case was remanded back to the tribunal for a thorough reconsideration of the issues regarding the estimation of suppressed production and sale of bagasse and the addition made on account of sugarcane loss. The Assessing Officer's reliance on another sugar factory's data without proper justification was highlighted, and the need for a lawful decision based on appropriate records was emphasized. en-us Thu, 16 Aug 2018 00:00:00 +0530 Tue, 21 Aug 2018 08:04:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365667 The High Court directed the matter to be reconsidered by the tribunal based on the existing material on record, emphasizing the need for a lawful decision. The case was remanded back to the tribunal for a thorough reconsideration of the issues regarding the estimation of suppressed production and sale of bagasse and the addition made on account of sugarcane loss. The Assessing Officer's reliance on another sugar factory's data without proper justification was highlighted, and the need for a lawful decision based on appropriate records was emphasized. Case-Laws Income Tax Thu, 16 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365667