TMI BlogConsidering the nature of asessee’s business, the G.P rate of 10% is quite acceptable. Since the...Considering the nature of asessee’s business, the G.P rate of 10% is quite acceptable. Since the declared profit of 11.67% was more than the rate of 10%, the CIT(A) has rightly chosen to delete the entire addition. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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