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expenditure of wages with that of previous year and its corresponding turnover. The A.O. had not pointed out any specific defect in the wages ... contrary to the finding of A.O. the expenditure had decreased and the turnover has increased. It was further submitted that the assessee has deducted

works on low margins, resulting in decrease of gross profit percentage. However, it does not explain the decrease in gross profit from ... cement from the current year which has resulted in increase in Turnover. However the margin in cement business was very low as compared to other