https://www.taxtmi.com/caselaws?id=61414 Additions based on assumed yield or conjecture cannot stand without material evidence of suppression, so the rice-bran addition was deleted. For rice husk, the record showed dual use in sale and in the assessee's dryer plant, so only a limited estimated addition of Rs. 15,000 was justified rather than full deletion. A payment described as additional sales-tax was treated as compensatory rather than punitive, making it an allowable business outgoing and not a disallowable penalty. The result was partial relief to the Revenue only on the husk issue, with relief to the assessee on the other two issues. en-us Wed, 10 May 1989 00:00:00 +0530 Wed, 12 Jan 2011 15:35:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61414 Additions based on assumed yield or conjecture cannot stand without material evidence of suppression, so the rice-bran addition was deleted. For rice husk, the record showed dual use in sale and in the assessee's dryer plant, so only a limited estimated addition of Rs. 15,000 was justified rather than full deletion. A payment described as additional sales-tax was treated as compensatory rather than punitive, making it an allowable business outgoing and not a disallowable penalty. The result was partial relief to the Revenue only on the husk issue, with relief to the assessee on the other two issues. Case-Laws Income Tax Wed, 10 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61414