Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 1981 (9) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (9) TMI 161 - ITAT CALCUTTA-CExtract: ....... the price of raw materials which resulted in less profit. This feature is not uncommon in the line of business carried on by the assessee. Hence, this contention has got no merit. We, therefore, hold that the rate of profit at 13 per cent as applied by the lower authorities, was just and proper. 9. In the result, the appeal fails and is dismissed.
|