Bench: Dr. S. Seethalakshmi & Shri Rathod Kamlesh Jayantbhaithe Acit Vs M/S. Vardha Infra Ltd. Room No. 215, Aayakar Bhawan 6 Jalam Vilas Scheme Paota C Road, Jodhpur Paota B Road, Jodhpur (Appellant) (Respondent) Pan No. Aaccv 7972 K
251/- 2. Operating expenditure- Rs.2,70,14,05,592/- Gross profit )Rs.1,02,13,58,689/- 38 Varaha Infra Ltd. Gross profit % (-)37.11% This year there is gross loss @ 37.11% as against gross profit @ 29.29% for AY 2016-17. Since books of account are defective and, therefore, have been rejected, gross profit rate for AY 2016-17 is applied