9911796707
TMI Blog1982 (3) TMI 144X X X X Extracts X X X X X X X X Extracts X X X X ..... its business in manufacture of drugs. It is stated that since there was no licence to manufacture drugs, the assessee has this work being done by other concerns. At the time of hearing, the assessee's ld. counsel read out portions of the order of the AAC relating to the asst, yr. 1973 74 in which the facts and back-ground of the case were dealt with According to the assessee's ld. counsel, the AAC ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal. It is submitted by him, that the facts of the case during the year are slightly different inasmuch as the sales has come down considerably. According to him the book results should have been accepted as reasonable and no addition should have been made. At the time of hearing, reference is made to another decision of the Tribunal in the case of M/s. Jamson Laboratories for the asst. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year for comparison in which the Tribunal has adopted a rate of 24 per cent. In brief, it is urged that the order of the AAC for both the years may be sustained. 4. We have gone through the orders of the authorities below for our consideration along with the rival contentions made on behalf of the assessee. Having regard to the fact that in the business a turnover has gone down considerably, cer ..... X X X X Extracts X X X X X X X X Extracts X X X X
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