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I.TAS. NOS. 486 AND 487 (PB) OF 1991-92, DECIDED ON 21ST SEPTEMBER, 1992. versus I.TAS. NOS. 486 AND 487 (PB) OF 1991-92, DECIDED ON 21ST SEPTEMBER, 1992.


Section (65 (b) Expression / Revenue is calculated at a lower rate) does not refer to a situation where the rate of income is calculated by applying the gross profit rate before that The case was estimated as non-applicable to income tax assessments and as an independent year each year, the income of the assessee can be estimated by different GP rates depending on the business terms.

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