D. Viswanath Reddy & Company, Kurnool vs Department Of Income Tax on 9 July, 2014
turnover of Rs. 3,90,72,000 by adopting a rate of 12.5%
profit on turnover. The turnover ... adoption of the turnover and given part relief to the
assessee firm by decreasing the percentage of profit from
12.5% to 6% on the turnover