https://www.taxtmi.com/caselaws?id=151701 The Tribunal allowed the appeal, directing the deletion of the Rs. 11,78,918 addition under section 92 of the Income-tax Act, 1961. It found no merit in the allegations of contracting at lower rates with related concerns and upheld the gross profit rate shown by the assessee. The Tribunal concluded that the Commissioner of Income-tax (Appeals) order lacked jurisdiction and ordered the deletion of the addition. en-us Wed, 23 Apr 2008 00:00:00 +0530 Thu, 13 Jun 2013 10:05:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151701 The Tribunal allowed the appeal, directing the deletion of the Rs. 11,78,918 addition under section 92 of the Income-tax Act, 1961. It found no merit in the allegations of contracting at lower rates with related concerns and upheld the gross profit rate shown by the assessee. The Tribunal concluded that the Commissioner of Income-tax (Appeals) order lacked jurisdiction and ordered the deletion of the addition. Case-Laws Income Tax Wed, 23 Apr 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151701