https://www.taxtmi.com/caselaws?id=206552 The High Court dismissed the appeal as it did not involve a substantial question of law. The Tribunal's decision to estimate the net profit rate at 7.5% was upheld as a factual finding, not warranting appeal. The judgment emphasized the distinction between questions of law and substantial questions of law, stating that factual findings by the Tribunal, even if incorrect, cannot be challenged unless they raise substantial legal issues under section 260A of the Income-tax Act. en-us Thu, 02 Apr 2009 00:00:00 +0530 Mon, 17 Dec 2012 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206552 The High Court dismissed the appeal as it did not involve a substantial question of law. The Tribunal's decision to estimate the net profit rate at 7.5% was upheld as a factual finding, not warranting appeal. The judgment emphasized the distinction between questions of law and substantial questions of law, stating that factual findings by the Tribunal, even if incorrect, cannot be challenged unless they raise substantial legal issues under section 260A of the Income-tax Act. Case-Laws Income Tax Thu, 02 Apr 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206552