https://www.taxtmi.com/caselaws?id=13745 The High Court upheld the Tribunal's decision to reverse the deletion of an addition of Rs. 4,63,102 by the Commissioner of Income-tax (Appeals) for a liquor contractor. The Court ruled that the Tribunal's application of a 5% gross profit rate was justified based on consistency with the preceding year's decision and the assessee's inability to change its stance. The Court found no substantial questions of law in the appeal and dismissed it accordingly. en-us Mon, 22 Aug 2005 00:00:00 +0530 Thu, 02 Jul 2009 11:15:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13745 The High Court upheld the Tribunal's decision to reverse the deletion of an addition of Rs. 4,63,102 by the Commissioner of Income-tax (Appeals) for a liquor contractor. The Court ruled that the Tribunal's application of a 5% gross profit rate was justified based on consistency with the preceding year's decision and the assessee's inability to change its stance. The Court found no substantial questions of law in the appeal and dismissed it accordingly. Case-Laws Income Tax Mon, 22 Aug 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13745