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Income Tax - Highlights / Catch Notes

Home Highlights November 2016 Year 2016 This

Low gross profit (GP) rate - The increase in the cost of paper ...

Case Laws     Income Tax

November 21, 2016

Low gross profit (GP) rate - The increase in the cost of paper itself was 60%. The quality of the paper was also different the assessee having used thicker paper. There were more colours in the assessee's publication which would in turn increase the cost of publication - no additions - HC

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