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2022 (9) TMI 985 - DELHI HIGH COURTRejecting the books of accounts - Estimation of GP - assessing the gross profit of the Assessee for the relevant assessment year at the rate of 2% of the gross sales - HELD THAT:- ITAT has concurred with the findings of the AO and the CIT(A) and upheld the rate of gross profit at 2% on the gross sales declared by the Assessee. The ITAT rejected the submission of the Assessee for deduction of the statutory taxes i.e., CST by holding that while estimating the gross profit, all expenditure has been accounted for and this includes the expenditure towards taxes. We do not find any perversity in the concurrent findings of the CIT(A) and ITAT. The ITAT is the final fact-finding authority, accordingly no substantial questions of law arise for consideration in the present appeal and accordingly, the same is dismissed.
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