https://www.taxtmi.com/caselaws?id=291726 The Tribunal upheld the CIT(A)'s decision to accept the assessee's book results, emphasizing consistency and the committee's report. Lower electricity consumption was viewed positively, supporting the interpretation of higher production and income. The Tribunal dismissed the Revenue's appeal, reinforcing the acceptance of book results based on established guidelines and past practices. The case underscored the significance of favorable interpretation of deviations within acceptable limits and the importance of consistency in assessment approaches. en-us Fri, 10 Nov 2017 00:00:00 +0530 Tue, 24 Nov 2020 09:38:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=291726 The Tribunal upheld the CIT(A)'s decision to accept the assessee's book results, emphasizing consistency and the committee's report. Lower electricity consumption was viewed positively, supporting the interpretation of higher production and income. The Tribunal dismissed the Revenue's appeal, reinforcing the acceptance of book results based on established guidelines and past practices. The case underscored the significance of favorable interpretation of deviations within acceptable limits and the importance of consistency in assessment approaches. Case-Laws Income Tax Fri, 10 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=291726