In the result, the appeal of Revenue is dismissed
Bench: Shri R.S. Syal & Shri S.S. Viswanethra Ravi
gains of an eligible business cannot be tinkered with by the Assessing Officer merely because they are more than the ordinary profits or that they are quite high. The existence of substantial or more than ordinary profits by itself does not sufficiently empower the Assessing Officer to disregard them and determine the profits which he may consider to be reasonably