https://www.taxtmi.com/caselaws?id=38852 The High Court held that the grounds of appeal allowed for disputing the reasonableness of the rate of profit, despite the rejection of accounts not being permissible. The Court found the Tribunal unjustified in rejecting the contention on the rate of profit and ordered the appeals to be reheard and disposed of on merits. The judgment emphasized the importance of interpreting grounds of appeal comprehensively to ensure all relevant issues raised by parties are considered during the appellate process. en-us Tue, 30 Mar 1976 00:00:00 +0530 Sat, 10 Apr 2010 10:02:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38852 The High Court held that the grounds of appeal allowed for disputing the reasonableness of the rate of profit, despite the rejection of accounts not being permissible. The Court found the Tribunal unjustified in rejecting the contention on the rate of profit and ordered the appeals to be reheard and disposed of on merits. The judgment emphasized the importance of interpreting grounds of appeal comprehensively to ensure all relevant issues raised by parties are considered during the appellate process. Case-Laws Income Tax Tue, 30 Mar 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38852