https://www.taxtmi.com/caselaws?id=206971 The High Court dismissed the Revenue's appeal under Section 260A of the Income Tax Act against the Tribunal's order regarding the assessment of an Assessee firm for the Asstt. Year 2004-05. The Court found no substantial question of law, noting the increase in turnover and gross profit rate without evidence of undisclosed transactions. Emphasizing the reliability of past results to estimate income, the Court declined to interfere with the CIT(A) and Tribunal's findings, ultimately deeming the appeal meritless. en-us Fri, 11 Nov 2011 00:00:00 +0530 Wed, 23 Nov 2011 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206971 The High Court dismissed the Revenue's appeal under Section 260A of the Income Tax Act against the Tribunal's order regarding the assessment of an Assessee firm for the Asstt. Year 2004-05. The Court found no substantial question of law, noting the increase in turnover and gross profit rate without evidence of undisclosed transactions. Emphasizing the reliability of past results to estimate income, the Court declined to interfere with the CIT(A) and Tribunal's findings, ultimately deeming the appeal meritless. Case-Laws Income Tax Fri, 11 Nov 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206971