https://www.taxtmi.com/caselaws?id=202863 The High Court upheld the decision of the Tribunal in an appeal against the Income Tax Appellate Tribunal's judgment for the assessment year 1987-88. The dispute arose from the rejection of account-books by the assessing officer, leading to additions based on the G.P. rate. The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. The main legal issue was the deletion of trading results addition, with the Tribunal justifying its decision based on factual findings. The High Court found no illegality in the Tribunal's approach, dismissing the appeal for lacking merit. en-us Thu, 20 Jan 2011 00:00:00 +0530 Wed, 20 Apr 2011 12:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202863 The High Court upheld the decision of the Tribunal in an appeal against the Income Tax Appellate Tribunal's judgment for the assessment year 1987-88. The dispute arose from the rejection of account-books by the assessing officer, leading to additions based on the G.P. rate. The Tribunal partially allowed the assessee's appeal and dismissed the Revenue's appeal. The main legal issue was the deletion of trading results addition, with the Tribunal justifying its decision based on factual findings. The High Court found no illegality in the Tribunal's approach, dismissing the appeal for lacking merit. Case-Laws Income Tax Thu, 20 Jan 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202863