https://www.taxtmi.com/caselaws?id=37996 For a particular assessment year, the Tribunal need not mechanically carry forward the yield or wastage figure accepted in an earlier year when the assessee's own case for the year under reference is based on different factual figures. The analysis turned on the accounting year's own production data and defects noticed in the accounts, rather than automatic adoption of the prior year's ratio. Where the record showed that the assessee did not itself claim the earlier wastage rate for the relevant year, the earlier assessment year's finding was not binding as a matter of course. The reference was therefore resolved against the assessee on the first question, and the second question was not answered. en-us Tue, 06 Sep 1977 00:00:00 +0530 Fri, 02 Apr 2010 14:30:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37996 For a particular assessment year, the Tribunal need not mechanically carry forward the yield or wastage figure accepted in an earlier year when the assessee's own case for the year under reference is based on different factual figures. The analysis turned on the accounting year's own production data and defects noticed in the accounts, rather than automatic adoption of the prior year's ratio. Where the record showed that the assessee did not itself claim the earlier wastage rate for the relevant year, the earlier assessment year's finding was not binding as a matter of course. The reference was therefore resolved against the assessee on the first question, and the second question was not answered. Case-Laws Income Tax Tue, 06 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37996