https://www.taxtmi.com/caselaws?id=470323 Deletion of an estimated gross-profit addition after rejection of books did not raise a substantial question of law where the enhanced rate lacked supporting search material, comparable cases, or a justified basis to reject the assessee's comparables. The declared gross-profit rate was consistent with other years and exceeded rates reported by comparable carpet-manufacturing concerns, while the revenue identified no special circumstance supporting the higher estimate. The analysis states that deletion of the addition stands in favour of the assessee. en-us Tue, 09 Jul 2013 00:00:00 +0530 Thu, 23 Jul 2026 14:10:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470323 Deletion of an estimated gross-profit addition after rejection of books did not raise a substantial question of law where the enhanced rate lacked supporting search material, comparable cases, or a justified basis to reject the assessee's comparables. The declared gross-profit rate was consistent with other years and exceeded rates reported by comparable carpet-manufacturing concerns, while the revenue identified no special circumstance supporting the higher estimate. The analysis states that deletion of the addition stands in favour of the assessee. Case-Laws Income Tax Tue, 09 Jul 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470323