https://www.taxtmi.com/caselaws?id=365846 HC dismissed the appeals, upholding the authorities' enhancement for unaccounted stock despite ITAT's reduction of the gross profit rate from 15% to 12%. The court agreed that discrepancies between bank statements and actual stock, and investigations showing the company and its sister concern obtained bogus purchase bills from entry providers, indicated either manipulated bills to inflate stock or understated sales. The HC found the revenue authorities' view just and proper and held that no substantial question of law arises. en-us Wed, 25 Jul 2018 00:00:00 +0530 Wed, 15 Oct 2025 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365846 HC dismissed the appeals, upholding the authorities' enhancement for unaccounted stock despite ITAT's reduction of the gross profit rate from 15% to 12%. The court agreed that discrepancies between bank statements and actual stock, and investigations showing the company and its sister concern obtained bogus purchase bills from entry providers, indicated either manipulated bills to inflate stock or understated sales. The HC found the revenue authorities' view just and proper and held that no substantial question of law arises. Case-Laws Income Tax Wed, 25 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365846