Court Rules in Favor of Assessee: Lower Gross Profit Justified, No Additional Charges Imposed.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Estimation of gross profit - assessee had given a reasonable explanation for the lower gross profit shown by it during the relevant previous year - addition for lower gross profit was not warranted.....