https://www.taxtmi.com/caselaws?id=284185 The appeals challenged the Tribunal's decision on trading additions made under Section 145(3) of the Income Tax Act. The court held that the average gross profit rate over five years should be considered at 3.91%. Consequently, the appeals were allowed based on this average rate, setting aside the addition sustained for the assessment year 2006-07 but upholding it for the assessment year 2005-06. en-us Tue, 29 Aug 2017 00:00:00 +0530 Wed, 06 Nov 2019 08:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=284185 The appeals challenged the Tribunal's decision on trading additions made under Section 145(3) of the Income Tax Act. The court held that the average gross profit rate over five years should be considered at 3.91%. Consequently, the appeals were allowed based on this average rate, setting aside the addition sustained for the assessment year 2006-07 but upholding it for the assessment year 2005-06. Case-Laws Income Tax Tue, 29 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=284185