https://www.taxtmi.com/caselaws?id=388265 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,84,25,409 made by the AO for alleged suppression of production. The tribunal found the AO's conclusions lacked concrete evidence and were based on suspicion. It emphasized that high electricity consumption alone cannot justify such an addition without further proof of suppressed production. The tribunal cited judicial precedents supporting this view and concluded that the AO's method of estimation was flawed. Therefore, the revenue's appeal was dismissed, affirming the deletion of the addition as justified and reasonable. en-us Mon, 04 Nov 2019 00:00:00 +0530 Tue, 12 Nov 2019 12:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388265 The tribunal upheld the CIT(A)'s decision to delete the addition of Rs. 1,84,25,409 made by the AO for alleged suppression of production. The tribunal found the AO's conclusions lacked concrete evidence and were based on suspicion. It emphasized that high electricity consumption alone cannot justify such an addition without further proof of suppressed production. The tribunal cited judicial precedents supporting this view and concluded that the AO's method of estimation was flawed. Therefore, the revenue's appeal was dismissed, affirming the deletion of the addition as justified and reasonable. Case-Laws Income Tax Mon, 04 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388265