https://www.taxtmi.com/caselaws?id=28433 The High Court addressed issues concerning the application of Gross Profit rate, appeal against the order under section 184(7) of the Income-tax Act, and the duty of the ITO to allow the assessee to explain the delay in filing the registration application. The Court ruled in favor of the assessee on the appealability of the order under section 184(7) but against the assessee regarding the delay in filing the registration application. The Appellate Tribunal's decision to apply a Gross Profit rate of 6% was upheld due to unverifiable purchases and sales, leading to the rejection of the firm's disclosed rate of 3.4%. en-us Tue, 15 Mar 1983 00:00:00 +0530 Mon, 22 Feb 2010 16:31:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28433 The High Court addressed issues concerning the application of Gross Profit rate, appeal against the order under section 184(7) of the Income-tax Act, and the duty of the ITO to allow the assessee to explain the delay in filing the registration application. The Court ruled in favor of the assessee on the appealability of the order under section 184(7) but against the assessee regarding the delay in filing the registration application. The Appellate Tribunal's decision to apply a Gross Profit rate of 6% was upheld due to unverifiable purchases and sales, leading to the rejection of the firm's disclosed rate of 3.4%. Case-Laws Income Tax Tue, 15 Mar 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28433