Hero Motocorp Ltd., New Delhi vs Dcit, Circle- 11(1), New Delhi on 23 April
immediately preceding year. On a turnover of
more than 109 crores, this marginal decrease in my opinion is
insignificant and could be due to various ... then it
should also not be concerned with a minor decrease in the same
especially when, as in this case
fictitious purchase effected in
the books would definitely decrease the profit or the turnover of the
assessee considerably. Therefore, for the purpose of estimating
Foreign Award and continues
till date. During this period the turnover increased
substantially and was in the region of Rs. 10/-
Crores ... Companies being IKM Ltd. whose
turnover increased dramatically between the
period 2002 to 2008 while that of the Respondent
decreased and became almost negligible
guidelines stated. The qualification of annual turnover is arrived in formula basis and it will be increased or decreased according to the period of completion ... crore.
The calculation of annual turnover is increased when the period of completion is in shorter and decreased when the period of completion is longer
business of the 1st defendant in the bank decreased and the turnover, in the various accounts registered a steep decline. Taking note of this
observed that besides decrease in the turnover m comparison to the last year, the telephone expenses have been increased tremendously After verifying the details
rate of 6.76% on turnover of Rs 114,52,126 which is better than G.P rate of
6.06% on turnover ... trend which is emerging is that though the turnover of the
appellant has decreased during the year, it is able to report
same is as under:
1. Turnover of sales during F.Y. 2016-17 of the first three
month was decreased due to strike by jewelers ... there
is increase in total turnover by Rs. 23.04 Cr (increased by
39%) and out of the total turnover
Ess Ismail Merchant, Mumbai vs Jt Cit 13(3), Mumbai on 21 February, 2018
IN