Addition for low GP ratio cannot be made if it is consistent with previous Years without any change in factual position

Issue No.- 1 Addition on account of low GP declared by assessee: Assessee declared GP @ 12.57% which was increased by AO to 15% and accordingly made an addition of Rs. 1,01,755/- to the total income. The assessee had shown various expenses for job work, which was comparatively higher per unit manufacturing of carpet as compared to expenses shown by M/s Carpet Palace and M/s Supreme Carpet (sister concerns of assessee) engaged in similar business declared gross profit rate ranging from 20% to 30% during the year under consideration. ITAT observed that the assessee is a local trader whereas the...