https://www.taxtmi.com/caselaws?id=778235 HC held that additions for alleged suppression of production/yield in the SMS division were baseless and unsupported by evidence. On review of facts, CIT(A) and ITAT found no adverse material to justify rejection of books or an estimated 89% yield-based addition; the assessment was deemed guesswork. The concurrent factual finding that the AO's addition for AY 2012-13 lacked tangible evidence was upheld as neither perverse nor contrary to record, and the appeal by Revenue was dismissed in favour of the assessee. en-us Thu, 04 Sep 2025 00:00:00 +0530 Fri, 12 Sep 2025 08:45:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=778235 HC held that additions for alleged suppression of production/yield in the SMS division were baseless and unsupported by evidence. On review of facts, CIT(A) and ITAT found no adverse material to justify rejection of books or an estimated 89% yield-based addition; the assessment was deemed guesswork. The concurrent factual finding that the AO's addition for AY 2012-13 lacked tangible evidence was upheld as neither perverse nor contrary to record, and the appeal by Revenue was dismissed in favour of the assessee. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=778235