https://www.taxtmi.com/caselaws?id=777727 ITAT (Rajkot) allowed the appeal and deleted additions. The Tribunal found the assessee's audited books and consistent product-wise yield methodology acceptable, holding laboratory reports from survey insufficient to prove suppressed production or income and noting no invocation of s.145(3). Reliance on HC precedent supported deletion of the yield-based addition. Additions for purchases outside books were deleted after ledger and Schedule 8 reconciliations showed no discrepancy. Disallowance of depreciation was reversed on production of invoices, bank entries and sales-tax C-form. Matter decided in favour of the assessee. en-us Mon, 13 Jan 2025 00:00:00 +0530 Thu, 04 Sep 2025 08:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777727 ITAT (Rajkot) allowed the appeal and deleted additions. The Tribunal found the assessee's audited books and consistent product-wise yield methodology acceptable, holding laboratory reports from survey insufficient to prove suppressed production or income and noting no invocation of s.145(3). Reliance on HC precedent supported deletion of the yield-based addition. Additions for purchases outside books were deleted after ledger and Schedule 8 reconciliations showed no discrepancy. Disallowance of depreciation was reversed on production of invoices, bank entries and sales-tax C-form. Matter decided in favour of the assessee. Case-Laws Income Tax Mon, 13 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777727