1980 (4) TMI 208

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..... O. The assessee disclosed the production of rice of 1495 quintals for 8732 quintals of paddy. The ITO considered the yield as low and he adopted the yield at 63 per cent. He, therefore, calculated the shortage of 34 quintals and valued the same at the rate of Rs. 165 per quintal. Accordingly, he added Rs. 5,680 in the milling account. 2. On appeal, the AAC allowed a partial relief to the assesse .....

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..... facts that the low yield during the year under appeal was only due to the excessive moisture in paddy. The entire paddy was purchased by the assessee during November/December and, therefore, the paddy contained more moisture and the yield was low. The assessee in the immediately preceding year disclosed higher rate of yield because the purchases were made since January to December. If the facts of .....

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