https://www.taxtmi.com/caselaws?id=400088 The court ruled in favor of the assessee, directing the gross profit to be as per the conceded rates and upholding the addition made for stock variation. Sales Tax Revisions were allowed, with each party bearing their respective costs. The judgment emphasized the importance of a thorough assessment process, independent evaluation of evidence, and adherence to established legal principles in determining gross profit rates for tax purposes. en-us Tue, 20 Oct 2020 00:00:00 +0530 Wed, 28 Oct 2020 09:09:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=400088 The court ruled in favor of the assessee, directing the gross profit to be as per the conceded rates and upholding the addition made for stock variation. Sales Tax Revisions were allowed, with each party bearing their respective costs. The judgment emphasized the importance of a thorough assessment process, independent evaluation of evidence, and adherence to established legal principles in determining gross profit rates for tax purposes. Case-Laws VAT and Sales Tax Tue, 20 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=400088