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locality, comparative profit rate of the assessee in respect of other years, turnover, etc. In this case, the Assessing Officer has not considered ... common knowledge that profit ratio will decrease automatically. In other words, the profit ratio will decrease when the turnover increases. By taking into consideration

Swaranandhra Ijmii Intergrated Town ... vs Assessee IN THE INCOME TAX APPELLATE TRIBUNAL HYDERABAD BENCH '