https://www.taxtmi.com/caselaws?id=343048 The ITAT erred in deleting the addition made on account of low Gross Profit without considering the facts of the case. The High Court upheld the ITAT's decision, dismissing the revenue's appeal as no substantial legal questions were identified. The Court found the Gross Profit estimation flawed and emphasized that historical ratios do not guarantee consistency. Additionally, the Court highlighted errors in restricting diesel expenses based on contract terms. en-us Wed, 03 May 2017 00:00:00 +0530 Thu, 18 May 2017 07:31:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343048 The ITAT erred in deleting the addition made on account of low Gross Profit without considering the facts of the case. The High Court upheld the ITAT's decision, dismissing the revenue's appeal as no substantial legal questions were identified. The Court found the Gross Profit estimation flawed and emphasized that historical ratios do not guarantee consistency. Additionally, the Court highlighted errors in restricting diesel expenses based on contract terms. Case-Laws Income Tax Wed, 03 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343048