1976 (3) TMI 81 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Hyderabad-A ruled in favor of the appellant, Sri Venkateswara Dhall, Flour and Oil Mill Contractors Company, Jaggaiahpet, in a case regarding the estimation of yield of dhall for the relevant assessment year. The Tribunal ordered the deletion of the addition of Rs. 7,575 made by the Assessing Officer, as the appellant's yield calculations were deemed acceptable based on past and subsequent results consistently accepted by the Department. The appeal was allowed.