Wipro
Ltd. The learned Counsel pointed out that the segmental turnover of
Infosys was at Rs.156,48,00,00,000/- and that of Wipro ... risk taking capabilities
in cases of high turnover companies, which increase
the margins with rise in turnover. However, in the
6
Tribunal decisions cited
against Rs. 45,53,670/-), it was decreased in PNB Account (Rs.
49,77,699/- as against Rs. 73,33,811/-); as per the statements ... Oriental Bank of Commerce account
which represent the unaccounted turnover/receipts reflected in the said
bank accounts.
10. The CIT(A) observed that though
Ijm (India) Infrastructure Limited,, ... vs Assessee on 3 June, 2013
IN THE INCOME TAX APPELLATE
should have considered
cumulative effect of all the factors which resulted in decrease in GP.
In other words, raw material prices have been increase ... that on non
furnishing of certain information net profit @ 2.31% of the
turnover, net of all expenses, was made after detailed
examination/verification
