https://www.taxtmi.com/caselaws?id=32456 The High Court dismissed the appeals challenging the Income Tax Appellate Tribunal's decision on the gross profit rate, treatment of claimed loss, and insurance claim for assessment years 1990-91 and 1992-93. The Court found no substantial legal question, upholding the Tribunal's findings that the theft claim was unfounded, the insurance claim was rejected, and the addition of Rs. 21,39,950/- against the assessee was justified. The Court concurred with the Tribunal's assessment based on factual evidence and upheld the decision in favor of the revenue. en-us Mon, 13 Aug 2007 00:00:00 +0530 Sat, 17 Sep 2011 17:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=32456 The High Court dismissed the appeals challenging the Income Tax Appellate Tribunal's decision on the gross profit rate, treatment of claimed loss, and insurance claim for assessment years 1990-91 and 1992-93. The Court found no substantial legal question, upholding the Tribunal's findings that the theft claim was unfounded, the insurance claim was rejected, and the addition of Rs. 21,39,950/- against the assessee was justified. The Court concurred with the Tribunal's assessment based on factual evidence and upheld the decision in favor of the revenue. Case-Laws Income Tax Mon, 13 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=32456