2013 (3) TMI 514

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..... it rate applied for the year 1985-86 was affirmed by the CIT (Appeals), though the appeal was pending before the Tribunal. The question whether 20% or 19.72% gross profit rate should be applied, is the question of fact. Tribunal has applied gross profit rate of 19.72% as such rates were applied in the earlier years of assessment. No question of law arises for consideration by this Court. - .....

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..... estion is said to have arisen out of an order passed by the assessing officer on 30.3.1990 (Annexure P-3), applying gross profit rate of 20% on the correspondingly enhanced sales by making additions of the sum of Rs. 1,84,642/- in the Trading Account. In appeal, the Commissioner of Income Tax (Appeals) on 6.11.1990 (Annexure P-4) upheld such additions. However, the Income Tax Appellate Tribunal .....

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