https://www.taxtmi.com/caselaws?id=288673 Income-tax additions for alleged shortage in oil and oil-cake yield were found unsustainable because the estimated normal yields and refraction rested on prior assessments and local practice, without scientific data or other reliable evidence. The account books were not rejected, the seed quality for the relevant year was not shown to be comparable with earlier years, and the estimation lacked a proper evidentiary basis. In a reference under section 66(2), a finding may be interfered with when it is based on no evidence, inadmissible material, or is perverse. The additions were therefore set aside and the referred questions answered in the negative. en-us Tue, 23 Jan 1962 00:00:00 +0530 Mon, 22 Jun 2020 17:14:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288673 Income-tax additions for alleged shortage in oil and oil-cake yield were found unsustainable because the estimated normal yields and refraction rested on prior assessments and local practice, without scientific data or other reliable evidence. The account books were not rejected, the seed quality for the relevant year was not shown to be comparable with earlier years, and the estimation lacked a proper evidentiary basis. In a reference under section 66(2), a finding may be interfered with when it is based on no evidence, inadmissible material, or is perverse. The additions were therefore set aside and the referred questions answered in the negative. Case-Laws Income Tax Tue, 23 Jan 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288673