https://www.taxtmi.com/caselaws?id=784110 In a dispute concerning estimation of gross profit on alleged clandestine sales, the principal issue was whether the Tribunal erred in adopting a gross profit rate of 12.5%. The HC held that the Tribunal's determination was based on particulars furnished by the appellant and was aligned with binding precedent, including earlier decisions of the HC, thereby involving no perversity or legal infirmity. Consequently, no substantial question of law arose for consideration, and the appeal was dismissed. en-us Tue, 16 Dec 2025 00:00:00 +0530 Mon, 29 Dec 2025 08:56:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784110 In a dispute concerning estimation of gross profit on alleged clandestine sales, the principal issue was whether the Tribunal erred in adopting a gross profit rate of 12.5%. The HC held that the Tribunal's determination was based on particulars furnished by the appellant and was aligned with binding precedent, including earlier decisions of the HC, thereby involving no perversity or legal infirmity. Consequently, no substantial question of law arose for consideration, and the appeal was dismissed. Case-Laws Income Tax Tue, 16 Dec 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784110