https://www.taxtmi.com/caselaws?id=61167 A mere fall in gross profit rate, without supporting adverse material, was treated as insufficient to justify a trading addition in the spare parts account, and that addition was deleted. In the tyres account, the decline in gross profit rate was considered alongside test-check discrepancies in purchase bills, so only a limited corrective addition was sustained and the balance relief was granted. The overall approach was that trading additions must rest on concrete material, not on gross profit decline alone, although a small adjustment may still be made where specific irregularities appear on the record. en-us Thu, 18 Mar 1982 00:00:00 +0530 Tue, 11 Jan 2011 11:51:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61167 A mere fall in gross profit rate, without supporting adverse material, was treated as insufficient to justify a trading addition in the spare parts account, and that addition was deleted. In the tyres account, the decline in gross profit rate was considered alongside test-check discrepancies in purchase bills, so only a limited corrective addition was sustained and the balance relief was granted. The overall approach was that trading additions must rest on concrete material, not on gross profit decline alone, although a small adjustment may still be made where specific irregularities appear on the record. Case-Laws Income Tax Thu, 18 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61167