https://www.taxtmi.com/caselaws?id=175529 The High Court upheld the Tribunal's decision regarding the addition of estimated gross profit, emphasizing the importance of consistency in applying accounting standards and the necessity of hearing the assessee before making significant additions. The issue of deemed dividend under section 2(22)(e) was admitted for further consideration, indicating the need for a detailed examination in conjunction with another tax appeal. en-us Mon, 08 Oct 2012 00:00:00 +0530 Fri, 13 Mar 2026 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=175529 The High Court upheld the Tribunal's decision regarding the addition of estimated gross profit, emphasizing the importance of consistency in applying accounting standards and the necessity of hearing the assessee before making significant additions. The issue of deemed dividend under section 2(22)(e) was admitted for further consideration, indicating the need for a detailed examination in conjunction with another tax appeal. Case-Laws Income Tax Mon, 08 Oct 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=175529