https://www.taxtmi.com/caselaws?id=788915 An assessment based on estimated production yield cannot rest on bare suspicion or pure guesswork without supporting evidence. Where the Revenue alleged suppressed production from a steel melting shop, the absence of adverse material, any defect in the books of account, or proof of suppressed output meant that rejection of the books and the addition were unsustainable. An assumed industry yield carried over from earlier proceedings was not enough to justify the estimate. The impugned judgment was left undisturbed when the special leave petition was dismissed. en-us Wed, 25 Mar 2026 00:00:00 +0530 Mon, 30 Mar 2026 15:59:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788915 An assessment based on estimated production yield cannot rest on bare suspicion or pure guesswork without supporting evidence. Where the Revenue alleged suppressed production from a steel melting shop, the absence of adverse material, any defect in the books of account, or proof of suppressed output meant that rejection of the books and the addition were unsustainable. An assumed industry yield carried over from earlier proceedings was not enough to justify the estimate. The impugned judgment was left undisturbed when the special leave petition was dismissed. Case-Laws Income Tax Wed, 25 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788915