2005 (2) TMI 888

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..... rder of the Tribunal 'B' Bench, dt. 28th Oct., 2002 in ITA No. 959/Mad/1996 for the asst. yr. 1992-93 and the following questions have been raised: 1. Whether, in the facts and circumstances of the case and having regard to the admitted facts and the evidence collected by the AO, the Tribunal had not erred in arriving at an extremely low GP of 2 per cent when the prescribed standard pro .....

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..... nt estimate fixed by him will take care of that also. It is clear that the finding of the Tribunal regarding fixation of percentage of profit and consideration of interest is purely a finding of fact and it is based on evidence and, therefore, no Question of law much less substantial question of law, arises for consideration. The appeal is liable to be dismissed. 3. Accordingly, the appeal fail .....

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