https://www.taxtmi.com/caselaws?id=372491 The Tribunal upheld the CIT(A)'s decision to restrict the addition for suppression of production from Rs. 1,47,96,500/- to Rs. 10,00,000, citing flaws in the AO's methodology and the varying nature of products and raw materials used. The rejection of the assessee's book results under section 145(2) was justified due to inconsistencies in production and consumption figures. The Tribunal dismissed the Revenue's appeal and the assessee's cross objection, confirming the CIT(A)'s findings and order pronounced on 20th December 2018. en-us Thu, 20 Dec 2018 00:00:00 +0530 Sun, 23 Dec 2018 10:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=372491 The Tribunal upheld the CIT(A)'s decision to restrict the addition for suppression of production from Rs. 1,47,96,500/- to Rs. 10,00,000, citing flaws in the AO's methodology and the varying nature of products and raw materials used. The rejection of the assessee's book results under section 145(2) was justified due to inconsistencies in production and consumption figures. The Tribunal dismissed the Revenue's appeal and the assessee's cross objection, confirming the CIT(A)'s findings and order pronounced on 20th December 2018. Case-Laws Income Tax Thu, 20 Dec 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=372491