Finolex Cables Ltd.,, Pimpri vs Assessee on 11 January, 2012
IN THE INCOME TAX APPELLATE
gradually decreasing, which shows the reduced sales in the market. The defendant has not supplied its balance sheet to demonstrate its turnover, sales and profits
Department has nowhere mentioned in the relevant clause for the
financial cumulative turnover for the last three years. The employer's
request for clarification ... shall be in writing and no
change including any voluntary increase or decrease in the price or
substance of the bid shall be sought, offered
applied the G.P. rate of 35% on the
total turnover (both accounted and unaccounted) of
Rs. 4,67,37,067/- stating that assessee has
declared ... However, the
assessee has pointed out that as regarding the
accounted turnover of the assesse was 3,61,76,638
on which gross profit
come to the conclusion that the
addition made to the book turnover on the basis of the survey
results was proper and the Appellate Assistant ... product must
also decrease in quantum and in the absence of other materials
this was a sound basis for fixing the turnover, supports our view
applying the upper limit of 200 crorers for the
turnover filter applied by the TPO by placing
Date of Judgment ... turnover filter even when
the turnover has no linkage with the margins
and in fact the TPO in order demonstrated that
when turnover is high
Dy. Commissioner Of Income Tax, Kota vs Motion Education Pvt. Ltd., Kota on 31 October
Dy. Commissioner Of Income Tax, Kota vs Motion Education Pvt. Ltd., Kota on 31 October
Birendra Singh Nirbhay,Sirsi Road ... vs Ito Ward 3(1) Jaipur, Ncrb Income Tax ... on
turnover,
therefore, no addition can be made without any adverse material / evidence
available on record. It is further submitted that assessee's turnover ... fact that due to worldwide recession the price had fallen coupled with decrease
in the exchange rate of US Dollars which has also affected