https://www.taxtmi.com/caselaws?id=32075 The High Court dismissed the Revenue's appeal and upheld the gross profit rate of 2.51% for the assessee, emphasizing consistency and comparability in determining the rate. The Court found that since the same rate was accepted in the previous year and upheld by the Tribunal, it should also apply for the current year. The appeal was deemed to lack merit, and the decision was in favor of the assessee. en-us Tue, 19 Aug 2008 00:00:00 +0530 Mon, 21 Sep 2009 17:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32075 The High Court dismissed the Revenue's appeal and upheld the gross profit rate of 2.51% for the assessee, emphasizing consistency and comparability in determining the rate. The Court found that since the same rate was accepted in the previous year and upheld by the Tribunal, it should also apply for the current year. The appeal was deemed to lack merit, and the decision was in favor of the assessee. Case-Laws Income Tax Tue, 19 Aug 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32075