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of <h1>High Court rules in favor of assessee, deleting added gross profit. Tribunal decision upheld.</h1> The High Court of Bombay ruled in favor of the assessee company, deleting an additional gross profit of Rs. 76,92,566 added by the Income-tax Officer for ... Computation Of Capital, Fixed Deposit, Industrial Undertaking, Special Deduction The High Court of Bombay ruled in favor of the assessee company, deleting an additional gross profit of Rs. 76,92,566 added by the Income-tax Officer for the assessment year 1949-50. The Tribunal's decision to delete the addition was upheld, and the question was answered in favor of the assessee.
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