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income is assessed at the rate of 3% of the sales turnover of the current year in the light of book profit declared ... last year. It is commonly observed that when turnover is increased the profit margin is generally decreased. The assessed income of the assessee

result Rs.65,04,574/- was paid. This has resulted in decrease in net profit rate before depreciation and interest by 0.67%. (ii) Rate ... both the parties and perused the relevant material on record. The total turnover of assessee during the year was more than 96 crores, on which