https://www.taxtmi.com/caselaws?id=3996 The High Court dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's order for the block period from April 1985 to February 1996. The appeal was dismissed under Section 260A of the Income Tax Act, as no substantial question of law was found. The Court affirmed the Tribunal's decision that there was no undisclosed income based on cancelled and blank bills, as they were part of regular business records and the filed returns were accepted by the Revenue. The gross profit rate estimation was also deemed unjustified, leading to the dismissal of the appeal. en-us Wed, 09 May 2007 00:00:00 +0530 Sat, 26 Jul 2008 18:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=3996 The High Court dismissed the Revenue's appeal against the Income Tax Appellate Tribunal's order for the block period from April 1985 to February 1996. The appeal was dismissed under Section 260A of the Income Tax Act, as no substantial question of law was found. The Court affirmed the Tribunal's decision that there was no undisclosed income based on cancelled and blank bills, as they were part of regular business records and the filed returns were accepted by the Revenue. The gross profit rate estimation was also deemed unjustified, leading to the dismissal of the appeal. Case-Laws Income Tax Wed, 09 May 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=3996