1976 (3) TMI 81

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..... lant herein. The appellant is a firm carrying on business in manufacture and sale of dhalls. For the relevant asst. yr. 1971-72, the appellant accounted for an yield of 73.8 per cent, in redgram dhall as against 74.5 per cent shown in the previous year. In the absence of regular outrun registers, etc., the ITO estimated the yield of dhall at 75 per cent. In doing so, the deficit yield worked out t .....

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..... to have been accepted. Alternative, it was claimed that the ITO should have at least given credit for the excess yield of husk accounted for as the appellant had shown as yield of 99.9 per cent and there could not be a total yield of more than 99 per cent. We feel that there is some force in these contentions. Taking a total view of the matter and having regard to the fact regard to the fact that .....

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