https://www.taxtmi.com/caselaws?id=75754 HC dismissed the appeal, upholding facts found by ITAT and CIT(A) that the assessee's books and vouchers were produced though the stock register and some payees were not; the Assessing Officer wrongly applied the gross profit ratio from AY 2002-03 instead of the immediate preceding year (AY 2003-04) without justification. The court held the fall in gross profit was a factual issue already accepted on evidence by appellate authorities and found no perversity or substantial question of law warranting interference, thereby dismissing the appeal. en-us Mon, 26 Apr 2010 00:00:00 +0530 Tue, 18 Nov 2025 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75754 HC dismissed the appeal, upholding facts found by ITAT and CIT(A) that the assessee's books and vouchers were produced though the stock register and some payees were not; the Assessing Officer wrongly applied the gross profit ratio from AY 2002-03 instead of the immediate preceding year (AY 2003-04) without justification. The court held the fall in gross profit was a factual issue already accepted on evidence by appellate authorities and found no perversity or substantial question of law warranting interference, thereby dismissing the appeal. Case-Laws Income Tax Mon, 26 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75754