https://www.taxtmi.com/caselaws?id=39644 The High Court found that the addition of Rs. 2,27,354 to the trading result of the assessee was unjustified. It ruled that low yield or profit alone could not be indicative of sales suppression without concrete evidence. The reliance on the Ayyangar Commission report was deemed inadmissible as it lacked judicial inquiry status. The forest department's yield estimation schedule was considered unreliable for tax assessments. The treatment of a sale as fictitious without verification was criticized, and the dismissal of a report on rot without proper investigation was deemed improper. The Court concluded that the addition was unwarranted, overturning the Tribunal's decision. en-us Thu, 19 Dec 1974 00:00:00 +0530 Mon, 19 Apr 2010 12:36:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39644 The High Court found that the addition of Rs. 2,27,354 to the trading result of the assessee was unjustified. It ruled that low yield or profit alone could not be indicative of sales suppression without concrete evidence. The reliance on the Ayyangar Commission report was deemed inadmissible as it lacked judicial inquiry status. The forest department's yield estimation schedule was considered unreliable for tax assessments. The treatment of a sale as fictitious without verification was criticized, and the dismissal of a report on rot without proper investigation was deemed improper. The Court concluded that the addition was unwarranted, overturning the Tribunal's decision. Case-Laws Income Tax Thu, 19 Dec 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39644