https://www.taxtmi.com/caselaws?id=26262 The High Court upheld the Tribunal's decisions on various income tax assessment issues, including the refusal to allocate total accepted profits in the cotton account, the method of profit computation, justification of yield percentage, correctness of closing stock valuation method, impact of trading results, validity of notional profit calculation, acceptance of assessment year, legality of interest charges, disallowance of joint venture account losses, and deduction of annuity deposit for interest calculation. The Court found the Tribunal's reasoning sound and supported its conclusions on these matters. en-us Mon, 04 Nov 1985 00:00:00 +0530 Wed, 03 Feb 2010 17:13:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26262 The High Court upheld the Tribunal's decisions on various income tax assessment issues, including the refusal to allocate total accepted profits in the cotton account, the method of profit computation, justification of yield percentage, correctness of closing stock valuation method, impact of trading results, validity of notional profit calculation, acceptance of assessment year, legality of interest charges, disallowance of joint venture account losses, and deduction of annuity deposit for interest calculation. The Court found the Tribunal's reasoning sound and supported its conclusions on these matters. Case-Laws Income Tax Mon, 04 Nov 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26262