https://www.taxtmi.com/caselaws?id=32071 The High Court upheld the ITAT order, ruling in favor of the assessee. It was determined that the Tribunal had appropriately considered all relevant aspects, including the application of the gross profit rate based on the previous year's rate. The Court found that no material evidence was overlooked, and no irrelevant considerations were taken into account by the Tribunal. Consequently, the appeal lacked merit and was dismissed, with the decision favoring the assessee over the Revenue. en-us Fri, 24 Oct 2008 00:00:00 +0530 Fri, 16 Sep 2011 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32071 The High Court upheld the ITAT order, ruling in favor of the assessee. It was determined that the Tribunal had appropriately considered all relevant aspects, including the application of the gross profit rate based on the previous year's rate. The Court found that no material evidence was overlooked, and no irrelevant considerations were taken into account by the Tribunal. Consequently, the appeal lacked merit and was dismissed, with the decision favoring the assessee over the Revenue. Case-Laws Income Tax Fri, 24 Oct 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32071