https://www.taxtmi.com/caselaws?id=77033 The High Court affirmed the decision to apply a 10% flat rate for income computation, rejecting the assessee's appeal against the CIT (Appeals) order for the assessment year 2005-06. The Court found the rate reasonable, considering the expenditure on salary to partners and depreciation, and dismissed the appeal as lacking any substantive legal question under the Income Tax Act, 1961. en-us Wed, 07 Apr 2010 00:00:00 +0530 Tue, 10 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77033 The High Court affirmed the decision to apply a 10% flat rate for income computation, rejecting the assessee's appeal against the CIT (Appeals) order for the assessment year 2005-06. The Court found the rate reasonable, considering the expenditure on salary to partners and depreciation, and dismissed the appeal as lacking any substantive legal question under the Income Tax Act, 1961. Case-Laws Income Tax Wed, 07 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77033