HC Deletes ₹16.61 Crore Addition as Estimated Yield Alone Could Not Prove Suppressed Sales

DCIT Vs Mahamaya Steel Industries Ltd (Chhattisgarh High Court) No Addition for Alleged Unaccounted Production Without Evidence;  Estimated 89% Production Yield Rejected as Basis for Tax Addition Due to Lack of Corroborative Evidence;  Power Consumption Variations Alone Cannot Justify Addition for Suppressed Production, HC Holds; HC Upholds ITAT Order Deleting Addition Based on Conjectures and Estimated Steel Yield; Rejection of Books Invalid Where AO Failed to Show Evidence of Suppressed Sales; Chhattisgarh HC Rules Assessment Cannot Be Based on Pure Guesswork in Yield Suppression Cases; No...