decreased expenses of STP unit and increased
expenses of non-STP unit. The AO proceeded by allocating the expenses
on the basis of turnover
higher side when compared to
the turnover of the last year vis-à-vis turnover of the year
under consideration which was drastically lower ... shown by the assessee in the P & L account
as decrease in stock as noted by the A.O. himself, he
presumed that
Prime Export vs. ITO, Jaipur .
assessee had achieved the increased turnover by reducing the sale price or
providing discount etc. The increase in cost ... fall in GP is on
account of decrease in export incentive during the year as compared to last
5
ITA No. 654/JP/2012
presumed that in case the turnover of any business goes up, the GP
always goes down and if the turnover goes down the GP will ... down substantially. Even if we
consider the reply of the AR regarding decrease in GP rate, it would not
be justified if we calculate
expenses for wages and salaries
have increased in Unit-I but decreased in Unit-II though the process of
manufacturing according to him was almost ... taxable profits. He
accordingly re-allocated the expenses in proportion of turnover and re-
worked the net profits from Unit-I and Unit-II. Aggrieved
Sony Ericsson Mobile Communications ... vs Commissioner Of Income Tax ??? Iii on 16 March, 2015
Author
Telefonaktiebolaget Lm Ericsson ... vs Intex Technologies (India) Limited on 13 March, 2015
Author: Manmohan Singh
Novartis Ag & Anr vs Cipla Ltd on 9 January, 2015
Author: Manmohan Singh
Bench
Challenger Computers. Ltd. vs Commissioner Of Trade & Taxes, Delhi on 21 August, 2015
Author
Shri Jyoti Swaroop Arora vs M/S Tulip Infratech Ltd. & Ors on 3 February