https://www.taxtmi.com/caselaws?id=238199 The Court dismissed the appeal under Section 260-A of the Income Tax Act, 1961, upholding the adhoc addition of Rs. 4,00,000 to the Assessee's income due to low gross profits. The Court found the questions raised by the Assessee to be primarily factual rather than substantial questions of law, emphasizing that appeals can only be entertained on substantial legal issues. The Assessee's failure to provide detailed quality-wise information and maintain transparent accounts led to the dismissal of the appeal, affirming the decision to add income based on the declared low profits. en-us Mon, 29 Jul 2013 00:00:00 +0530 Fri, 18 Oct 2013 13:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=238199 The Court dismissed the appeal under Section 260-A of the Income Tax Act, 1961, upholding the adhoc addition of Rs. 4,00,000 to the Assessee's income due to low gross profits. The Court found the questions raised by the Assessee to be primarily factual rather than substantial questions of law, emphasizing that appeals can only be entertained on substantial legal issues. The Assessee's failure to provide detailed quality-wise information and maintain transparent accounts led to the dismissal of the appeal, affirming the decision to add income based on the declared low profits. Case-Laws Income Tax Mon, 29 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=238199