https://www.taxtmi.com/caselaws?id=277707 The appellant challenged the Tribunal's decision on trading addition and disallowance under section 40A(3) of the Income-tax Act, 1961. The court upheld the Tribunal's decision, citing precedents from the Punjab and Haryana High Court that gross profit rate computation obviated the need to scrutinize section 40A(3) in certain cases. The court found no perversity in the Tribunal's judgment and dismissed the appeal, concluding that no substantial question of law arose. en-us Mon, 04 Sep 2017 00:00:00 +0530 Wed, 19 Dec 2018 06:48:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277707 The appellant challenged the Tribunal's decision on trading addition and disallowance under section 40A(3) of the Income-tax Act, 1961. The court upheld the Tribunal's decision, citing precedents from the Punjab and Haryana High Court that gross profit rate computation obviated the need to scrutinize section 40A(3) in certain cases. The court found no perversity in the Tribunal's judgment and dismissed the appeal, concluding that no substantial question of law arose. Case-Laws Income Tax Mon, 04 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277707