1976 (2) TMI 91

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....r. 1974-75. They involve common or similar contentions and they were heard together. They are disposed of by a common order for the sake of convenience. When both the matters were called out for hearing, no-one appeared on behalf of the assessee though the notice of the hearing had been served on the assessee. In the circumstances, I have heard Shri Habib Ahmad, the ld. Deptl. Rep. and I am dis....

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.... the aspect whether the margin shown by the assessee is unreasonably low is examined. I find that the margin disclosed is about 9.3 per cent on sales of about Rs. 6,37,000. This appears quite favourable as compared with the margin disclosed in earlier assessment years when the sales were much less. A similar addition made in asst. yr. 1973-74 was deleted in appeal. Small addition in lump-....