https://www.taxtmi.com/caselaws?id=395329 The appeal was dismissed as the questions raised were deemed factual and not substantial questions of law. The Court upheld the Tribunal's decision to delete the addition of income made by the Assessing Officer, citing lack of thorough examination of the net profit ratio issue. The judgment emphasized that the issues primarily involved factual assessments of Books of Accounts and Net Profit rate, leading to the dismissal of the appeal. Any pending applications were disposed of accordingly, with a focus on interpreting Income Tax Act provisions to reach the final decision. en-us Tue, 03 Mar 2020 00:00:00 +0530 Sat, 16 May 2020 12:49:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395329 The appeal was dismissed as the questions raised were deemed factual and not substantial questions of law. The Court upheld the Tribunal's decision to delete the addition of income made by the Assessing Officer, citing lack of thorough examination of the net profit ratio issue. The judgment emphasized that the issues primarily involved factual assessments of Books of Accounts and Net Profit rate, leading to the dismissal of the appeal. Any pending applications were disposed of accordingly, with a focus on interpreting Income Tax Act provisions to reach the final decision. Case-Laws Income Tax Tue, 03 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395329