https://www.taxtmi.com/caselaws?id=245359 The High Court upheld the rejection of trading results under Section 145(3) for an Association of Persons in the liquor business due to the absence of maintained sale vouchers. The court found the application of an average gross profit rate by the lower authorities appropriate, dismissing the appellant's arguments against trading additions. Citing legal principles and precedents, the court concluded the appeal lacked merit, as no substantial legal questions arose from the Tribunal's order. The appeal was ultimately dismissed, affirming the lower authorities' decisions on the matter. en-us Tue, 21 Jan 2014 00:00:00 +0530 Mon, 09 Feb 2015 17:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=245359 The High Court upheld the rejection of trading results under Section 145(3) for an Association of Persons in the liquor business due to the absence of maintained sale vouchers. The court found the application of an average gross profit rate by the lower authorities appropriate, dismissing the appellant's arguments against trading additions. Citing legal principles and precedents, the court concluded the appeal lacked merit, as no substantial legal questions arose from the Tribunal's order. The appeal was ultimately dismissed, affirming the lower authorities' decisions on the matter. Case-Laws Income Tax Tue, 21 Jan 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=245359