https://www.taxtmi.com/caselaws?id=304064 The Court found that the Tribunal erred in estimating the gross profit rate without rejecting the books of account. As the appellant's accounts were accepted and no vouchers were deemed unverifiable, the Court allowed the appeal, ruling in favor of the assessee. The decision to partly allow the appeal in favor of the Department was deemed arbitrary and lacking justification. The Court directed all parties to comply with the order and allowed for the issuance of an urgent certified copy upon request, subject to formalities. en-us Thu, 18 Dec 2008 00:00:00 +0530 Mon, 05 Sep 2022 14:10:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304064 The Court found that the Tribunal erred in estimating the gross profit rate without rejecting the books of account. As the appellant's accounts were accepted and no vouchers were deemed unverifiable, the Court allowed the appeal, ruling in favor of the assessee. The decision to partly allow the appeal in favor of the Department was deemed arbitrary and lacking justification. The Court directed all parties to comply with the order and allowed for the issuance of an urgent certified copy upon request, subject to formalities. Case-Laws Income Tax Thu, 18 Dec 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304064