https://www.taxtmi.com/caselaws?id=78921 The appeal challenging the deletion of an addition based on a low gross profit rate for the Assessment Year 2004-05 under Section 260A of the Income Tax Act, 1961 was dismissed by the High Court. Both the Commissioner of Income Tax (Appeals) and the Tribunal had deleted the addition, citing lack of evidence supporting the Assessing Officer's estimation and the absence of a legal basis for the decision. The High Court found no substantial question of law as the lower authorities had provided detailed justifications for their decisions, leading to the dismissal of the appeal for lack of merit. en-us Tue, 14 Sep 2010 00:00:00 +0530 Tue, 06 Sep 2011 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=78921 The appeal challenging the deletion of an addition based on a low gross profit rate for the Assessment Year 2004-05 under Section 260A of the Income Tax Act, 1961 was dismissed by the High Court. Both the Commissioner of Income Tax (Appeals) and the Tribunal had deleted the addition, citing lack of evidence supporting the Assessing Officer's estimation and the absence of a legal basis for the decision. The High Court found no substantial question of law as the lower authorities had provided detailed justifications for their decisions, leading to the dismissal of the appeal for lack of merit. Case-Laws Income Tax Tue, 14 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=78921