9911796707
TMI Blog2018 (8) TMI 1139X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 books of account. The matter requires reconsideration. - Matter remanded back to tribunal. - INCOME TAX APPEAL No ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be answered: (i) Whether on the facts and circumstances of the case ITAT was justified in affirming the action of the A.O. in estimating the suppressed production and sale of bagasse at ₹ 81,24,700 (1,62,494x50) ignoring the fact that the assessee has maintained complete records of bagasse as per Excise records on day to day basis and the same has not been rejected by A.O.? (ii) W ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... of the season, the sugarcane begins to dry, recoveries of both sugar and bagasse are naturally affected. C.I.T. has also taken into consideration the fact that one the recovery of one factory could not be compared with another and on the other hand, the C.I.T. has also noted that the Assessing Officer had not brought any record to show and justify the addition but simply on the basis of another ..... X X X X Extracts X X X X X X X X Extracts X X X X
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