https://www.taxtmi.com/caselaws?id=177108 The Court dismissed the appeal under section 260A of the Income-tax Act for the assessment year 1991-92. The Assessing Officer's rejection of the books of account under section 145(2) and the addition based on estimated gross profit rate were upheld. The Tribunal's decision not to credit the surrendered amount made during survey under section 133A was affirmed. The Court emphasized that assessing the gross profit percentage was not within the scope of determining substantial questions of law, concluding that the authorities' assessments were valid and reasonable, leading to the dismissal of the appeal. en-us Mon, 24 Apr 2006 00:00:00 +0530 Sat, 02 Jan 2016 17:46:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177108 The Court dismissed the appeal under section 260A of the Income-tax Act for the assessment year 1991-92. The Assessing Officer's rejection of the books of account under section 145(2) and the addition based on estimated gross profit rate were upheld. The Tribunal's decision not to credit the surrendered amount made during survey under section 133A was affirmed. The Court emphasized that assessing the gross profit percentage was not within the scope of determining substantial questions of law, concluding that the authorities' assessments were valid and reasonable, leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 24 Apr 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177108