https://www.taxtmi.com/caselaws?id=337099 The High Court allowed the appeal in favor of the assessee, overturning the Tribunal's judgment. The Court held that the Tribunal erred in estimating the gross profit rate and trading additions, finding them arbitrary and unjustified. Consequently, the Court restored the CIT (Appeals) order, resolving both issues in favor of the assessee and setting aside the Tribunal's decision. en-us Tue, 29 Nov 2016 00:00:00 +0530 Tue, 03 Jan 2017 12:16:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337099 The High Court allowed the appeal in favor of the assessee, overturning the Tribunal's judgment. The Court held that the Tribunal erred in estimating the gross profit rate and trading additions, finding them arbitrary and unjustified. Consequently, the Court restored the CIT (Appeals) order, resolving both issues in favor of the assessee and setting aside the Tribunal's decision. Case-Laws Income Tax Tue, 29 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337099