https://www.taxtmi.com/caselaws?id=429480 The Tribunal partly allowed the appeal by directing the Assessing Officer to adopt an overall gross profit rate of 1.54% for total sales, reducing the addition on account of 'low GP'. The disallowance of commission expenses of Rs.18,83,719/- paid to sister concerns was vacated, as it was found to be justifiable and in line with previous and succeeding years' assessments. The general ground was dismissed as not pressed. en-us Mon, 17 Oct 2022 00:00:00 +0530 Sat, 29 Oct 2022 09:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429480 The Tribunal partly allowed the appeal by directing the Assessing Officer to adopt an overall gross profit rate of 1.54% for total sales, reducing the addition on account of 'low GP'. The disallowance of commission expenses of Rs.18,83,719/- paid to sister concerns was vacated, as it was found to be justifiable and in line with previous and succeeding years' assessments. The general ground was dismissed as not pressed. Case-Laws Income Tax Mon, 17 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429480