https://www.taxtmi.com/caselaws?id=294313 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s order for the Assessment Year 2014-15 concerning suppressed production based on electricity consumption. Upholding the CIT(A)'s decision to grant relief to the assessee, the Tribunal emphasized the importance of corroborative evidence and adherence to judicial ratios in making additions based on electricity consumption formula. The Tribunal found the CIT(A)'s decision fair and reasonable, ultimately dismissing the Revenue's grounds and highlighting the rule of consistency in its decision-making process. en-us Thu, 19 Sep 2019 00:00:00 +0530 Tue, 06 Apr 2021 17:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294313 The Tribunal dismissed the Revenue's appeal against the CIT(A)'s order for the Assessment Year 2014-15 concerning suppressed production based on electricity consumption. Upholding the CIT(A)'s decision to grant relief to the assessee, the Tribunal emphasized the importance of corroborative evidence and adherence to judicial ratios in making additions based on electricity consumption formula. The Tribunal found the CIT(A)'s decision fair and reasonable, ultimately dismissing the Revenue's grounds and highlighting the rule of consistency in its decision-making process. Case-Laws Income Tax Thu, 19 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294313