Assessee, a wholesale trader, disclosed gross profit at the rate of 0.13 per cent. The assessing Officer issued notices to twenty sundry debtors of the assessee, however, nineteen of the parties did not respond and only the sundry debtor who did respond to Assessing Officer denied any transaction with assessee. Assessing Officer rejected the account books of account and estimate the GP at 2% of gross sales. On appeal, the assessee contended d for deduction of statutory taxes, i.e., CST by holding that while estimating gross profit all expenditure had been accounted for and this included expenditure towards taxes. Tribunal rejected the contention and affirmed the estimate of GP at 2% estimated by the Assessing Officer. High Court affirmed the order of the Tribunal.  (AY. 2013-14)