profit but not the denominator, i.e., the turnover because the corresponding
turnover was factored in the computation of the operating margins of the
earlier ... Haier Appliances India P. Ltd. v. ACIT
turnover of which is not the part of the turnover of the present year cannot
be considered
M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April
ratio of the appellant company has decreased as
compared to average of preceding three financial
years. The said decrease in GP and NP rate ... Turnover 1,020,152,679 73,94,89,024
% of financial charges over net turnover 5.48% 3.64%
% increase in financial charges 1.84%
Report
linked with the sales and with every increase / decrease in the
sale, such expenditure also increase / decrease e.g. Transportation, Hamali Wages ... there can`t be any situation
where despite there being huge turnover around Rs. 30 crore yet however, not a
single penny on account
Circle- 3 Jaipur
.
2.11 As regards the GP rate application on regular turnover, hat the
assessee is maintaining all the books of accounts including cash ... JCIT (OSD), Central Circle- 3 Jaipur
.
knowledge that increase turnover is achieved with decrease
in margin of profit. Hence the GP rate
estimation of turnover and income thereon. We find
that the Assessing Officer has estimated a net profit @ 1% on the estimated
turnover on 1.5 crore ... nature and will not vary with the
increase or decrease of the turnover and therefore gross profit rate inspite of
net profit rate should have
Circle- 3 Jaipur
.
2.11 As regards the GP rate application on regular turnover, hat the
assessee is maintaining all the books of accounts including cash ... JCIT (OSD), Central Circle- 3 Jaipur
.
knowledge that increase turnover is achieved with decrease
in margin of profit. Hence the GP rate
services and any increase or shortfall of the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the company
paid to customers for shortage
claims from export turnover, we find that this issue is covered in favour of
the assessee by the Tribunal decision ... increases the cost of the export, but it does not
decrease the export turnover. Hence, respectfully following the decision of
the Tribunal cited supra
2025
turnover has been increased but stock has been decreased. In
view of this, value of closing stock of Rs.23,49,500/- shown
