https://www.taxtmi.com/caselaws?id=25706 The court upheld the Tribunal's decision in favor of the Revenue, rejecting the assessee's claim for applying a net profit rate to luggage receipts. It was determined that no additional expenses were incurred for earning luggage receipts, and the expenses allowed against passenger receipts adequately covered any expenditure. The court affirmed the Tribunal's decision on both issues, directing the assessee to pay the costs of the reference. en-us Mon, 25 Nov 1985 00:00:00 +0530 Sat, 30 Jan 2010 12:50:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25706 The court upheld the Tribunal's decision in favor of the Revenue, rejecting the assessee's claim for applying a net profit rate to luggage receipts. It was determined that no additional expenses were incurred for earning luggage receipts, and the expenses allowed against passenger receipts adequately covered any expenditure. The court affirmed the Tribunal's decision on both issues, directing the assessee to pay the costs of the reference. Case-Laws Income Tax Mon, 25 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25706