https://www.taxtmi.com/caselaws?id=467710 An addition for alleged unaccounted sales based on an estimated 89% production yield could not be sustained where the accounts were audited, supported by statutory returns, and no specific defect in the books or vouchers was found. The HC applied the principle that rejection of books and inference of suppressed production or sales require tangible adverse material, not a comparison with assumed industry yield or earlier assessment data alone. As the estimate rested on suspicion, conjecture, and uncorroborated guesswork, the deletion of the addition was upheld and the assessed income was not enhanced. en-us Thu, 04 Sep 2025 00:00:00 +0530 Mon, 30 Mar 2026 19:50:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467710 An addition for alleged unaccounted sales based on an estimated 89% production yield could not be sustained where the accounts were audited, supported by statutory returns, and no specific defect in the books or vouchers was found. The HC applied the principle that rejection of books and inference of suppressed production or sales require tangible adverse material, not a comparison with assumed industry yield or earlier assessment data alone. As the estimate rested on suspicion, conjecture, and uncorroborated guesswork, the deletion of the addition was upheld and the assessed income was not enhanced. Case-Laws Income Tax Thu, 04 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467710