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TMI Blog2018 (8) TMI 1139X X X X Extracts X X X X X X X X Extracts X X X X ..... .,Piyush Agarwal ORDER Heard learned counsel for the appellant Sri Suyash Agarwal and Sri Manish Goyal learned counsel for the department. As the controversy involved in both these appeals is identical, the same is being decided by a common judgment and order treating the Income Tax Appeal no.334 of 2016 as the leading case. The Income Tax Appeal no.334 of 2016 has been filed by the assessee u ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ke an addition towards the bagasse upon examining and comparing the production of bagasse in another sugar factory. The C.I.T. in appeal while examining the material on record, came to the conclusion that the Assessing Officer had failed to take into account the factors affecting the recovery of bagasse while making the assessment. The recovery of bagasse would necessarily depend upon the quality ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pted by the C.I.T. had acquiesced with the Assessing Officer. However upon examining the material on record, we do find that the addition has been made simply on account of recoveries made by another sugar factory. The assessee on the other hand states that it did produce the material before the Assessing officer to show what recoveries had been made and that everything was duly recorded in the bo ..... X X X X Extracts X X X X X X X X Extracts X X X X
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