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2013 (12) TMI 593 - AT - Income TaxAddition on account of fall in GP rate – Held that:- Following assessee's own case from A.Y. 2003-04 to 2006-07 - In view of the past records of the gross profit rate of the assessee – The small variation in GP rate is considered while accepting books of accounts - Factually there was no fall in GP rate for the year under consideration – During previous year the percentage of GP ratio was taken by including the "other income" in the total turnover; while the turnover of the assessment year compared with was after excluding the "other income".
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