AP HC Sets Aside Tax Assessment Due to Non-Disclosure of Yield Benchmark

Lohlya Edible Oils Private Limited Vs State of Andhra Pradesh (Andhra Pradesh High Court) The Andhra Pradesh High Court disposed of a batch of writ petitions challenging assessment orders passed against a company engaged in importing crude edible oil and refining it for sale. The petitions related to the assessment years 2021-2022, 2022-2023, and 2023-2024. The Assessing Authority initiated proceedings on the basis that the standard yield of refined oil from crude oil should be 94.5%. However, the petitioner’s recorded yields were higher, namely 96.79% for 2021-2022, 94.86% for 2022-2023, an...