knowledge of
the department that the assessee shifted the entire turnover
of old M/s Sharda Exports, Meerut to the new firm of
Haridwar without ... However, Mr. Gupta accepted that their turnover of Delhi firm had
decreased accordingly, due to forming the firm in the same name
with Hardwar office
cannot be known at the time of the agreement
what the turnover or profits will be over a period of
years. In similar interpretation ... lump sum, therefore, the same can increase or decrease
on the basis of turnover. It is also pertinent to note that
the above expenditure
other contentions regarding decrease in direct cost to the extent of Rs.193.41 lakh and
increase in total turnover etc. were never made before ... verification regarding these two claims in connection
with decrease in direct cost and increase in total turnover.
5. We have considered the rival submissions, perused
last year balance at Rs.25,54,378/-. Thus, the advance
had decreased during the year under consideration. Copies of all these accounts ... categorically observed that even in case of
fall in turnover there may not be proportionate decrease in the salary as the regular
employees cannot
wages to cover the discrepancies. He observed that the turnover of the assessee
had decreased from 20.19 crores to Rs.6.95 crores
both
the cases was same i.e. `.2,18,71,876/-. The decrease in profit in the
revised return was due to increase in labour ... Assessing
Officer had estimated the profits on the basis of 8% of turnover.
However, the penalty was imposed because of the failure on the part
Lg Electronics India Pvt. Ltd., Uttar ... vs Assessee
आयकर अऩीऱीय अधधकरण, ददल्ऱी विशेष न्यायऩीठ, नई
Sahara India Financial Corpn. Ltd., New ... vs Department Of Income Tax
IN THE INCOME TAX
Bmw India Pvt. Ltd., Gurgaon vs Assessee
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH
Techbooks International Pvt. Ltd., ... vs Assessee
IN THE INCOME TAX APPELLATE TRIBUNAL
DELHI BENCH '
