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since past several years, was not accepted since there was decrease in the turnover of assessee company and also net profit before tax on percentage

estimation of turnover and income thereon. We find that the Assessing Officer has estimated a net profit @ 1% on the estimated turnover on 1.5 crore ... nature and will not vary with the increase or decrease of the turnover and therefore gross profit rate inspite of net profit rate should have

which is 80% of turnover which is practically impossible in such business. Assessee's income has decreased in the subsequent years and deduction

Schedule VI of the Companies Act, 1956 and increased or decreased by the expenses or profit/income stated under the clause thereof. The difference ... section (4) i.e. in proportion of export to total turnover of undertaking and sub-section (6) of section

Nainesh M. Nandu, , Pune vs Income-Tax Officer,, on 30 November, 2016 आयकर अपील य