https://www.taxtmi.com/caselaws?id=443271 Gross profit estimation was challenged where the tax officer computed addition as the difference between declared gross profit and an estimated 4% of sales, while the appellate authority limited estimated gross profit to 2%. The Tribunal, noting consistency with later assessment orders for the group, affirmed the appellate restriction. The High Court found the concurrent factual findings did not raise any substantial question of law and dismissed the appeal as meritless, leaving the 2% gross profit estimation upheld. en-us Mon, 11 Sep 2023 00:00:00 +0530 Wed, 11 Feb 2026 13:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443271 Gross profit estimation was challenged where the tax officer computed addition as the difference between declared gross profit and an estimated 4% of sales, while the appellate authority limited estimated gross profit to 2%. The Tribunal, noting consistency with later assessment orders for the group, affirmed the appellate restriction. The High Court found the concurrent factual findings did not raise any substantial question of law and dismissed the appeal as meritless, leaving the 2% gross profit estimation upheld. Case-Laws Income Tax Mon, 11 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443271