https://www.taxtmi.com/caselaws?id=263834 The High Court upheld the lower authorities' decisions to reject the appellant's books of account and apply an 8% GP rate instead of 9%. The Court emphasized the importance of maintaining a stock register for accurate financial verification, particularly for a wholesaler C&F agent. Despite the appellant's arguments and precedents cited, the Court found no merit in the appeal, concluding that no substantial legal question arose. The appeal was dismissed, affirming the rejection of books of account and the adjusted GP rate. en-us Mon, 24 Aug 2015 00:00:00 +0530 Fri, 11 Sep 2015 07:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=263834 The High Court upheld the lower authorities' decisions to reject the appellant's books of account and apply an 8% GP rate instead of 9%. The Court emphasized the importance of maintaining a stock register for accurate financial verification, particularly for a wholesaler C&F agent. Despite the appellant's arguments and precedents cited, the Court found no merit in the appeal, concluding that no substantial legal question arose. The appeal was dismissed, affirming the rejection of books of account and the adjusted GP rate. Case-Laws Income Tax Mon, 24 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=263834