Calix (CALX) said, “We expect our annual gross margin improvement in 2025 will be within our Target Financial Model range of 100 to 200 basis ...

ITAT Chennai held that since income of the assessee is assessed by applying flat gross profit rate of 2% hence provisions of section 40A (3) cannot be invoked. Accordingly, disallowance u/s. 40A (3) ...