Commissioner of Income Tax (Appeals) Justifies Reduction in Gross Profit Rate; Revenue Authority's Challenge Lacks Evidence.

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....Revenue has not disputed the fact that in the year under appeal there is increase in the sales and the margin as stated by the assessee is not rebutted by the revenue by bringing any material which suggest that the margin as claimed by the assessee is not correct. CIT(A) was justified in reducing the rate of Gross Profit increased by AO - Decided against revenue....