https://www.taxtmi.com/caselaws?id=203309 The Court set aside the decisions of the lower authorities and remanded the matter to the Assessing Officer for reconsideration. The Assessing Officer was instructed to evaluate the comparative profit rates provided by the appellant, justify the conclusion on the gross profit rate with reasons, and complete the assessment within two months. The Court emphasized the need for evidence-based conclusions and the possibility of overturning unsupported findings, even in appeals limited to substantial questions of law. The appeal was disposed of with no order as to costs. en-us Mon, 25 Apr 2011 00:00:00 +0530 Wed, 18 May 2011 09:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203309 The Court set aside the decisions of the lower authorities and remanded the matter to the Assessing Officer for reconsideration. The Assessing Officer was instructed to evaluate the comparative profit rates provided by the appellant, justify the conclusion on the gross profit rate with reasons, and complete the assessment within two months. The Court emphasized the need for evidence-based conclusions and the possibility of overturning unsupported findings, even in appeals limited to substantial questions of law. The appeal was disposed of with no order as to costs. Case-Laws Income Tax Mon, 25 Apr 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203309