https://www.taxtmi.com/caselaws?id=205794 The Court upheld the Tribunal's decision to estimate income at 5% of sales, dismissing the appeal due to the lack of verifiable sales to sister concerns at market rates and the arbitrary nature of the original G.P. rate. The Court found no grounds for interference with the Tribunal's decision, resulting in the dismissal of the appeal. en-us Wed, 08 Dec 2010 00:00:00 +0530 Thu, 22 Sep 2011 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=205794 The Court upheld the Tribunal's decision to estimate income at 5% of sales, dismissing the appeal due to the lack of verifiable sales to sister concerns at market rates and the arbitrary nature of the original G.P. rate. The Court found no grounds for interference with the Tribunal's decision, resulting in the dismissal of the appeal. Case-Laws Income Tax Wed, 08 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=205794