1981 (6) TMI 72 - AT - Income Tax

Summary

The appeal was filed by the assessee against the addition of Rs. 4,130 on account of low yield in ground-nut and cotton-seed account. The ITAT Indore found that the addition made by the ITO was without basis as the assessee had maintained proper books of accounts and provided a detailed explanation for the low yield, citing various factors affecting oil yield. The addition was deleted, and the appeal was allowed. (Case: Appellate Tribunal ITAT INDORE, Citation: 1981 (6) TMI 72 - ITAT INDORE)