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Pfizer Products India Private ... vs Assessment Unit, Income Tax Department ... on 11 February, 2025 | आयकर

according to the appellant the GP ratio for the current year has decreased due to higher cost of purchases, however, on perusal of closing stock ... manufacturing activity would work out to Rs.3,98,76,338/- on turnover of manufacturing activities of Rs. 18,33,41,908/- resulting into

material consumption of the immediately preceding year at 33.75%, substantial decrease in the stock of finished goods was not taken into account by the Assessing ... considered the dispute. The tax audit report gives the gross profit to turnover percentage for the current year at 26.64% as compared to that

Cheminova India Ltd, Mumbai vs Assessee on 3 August, 2016 IN THE INCOME TAX APPELLATE

Sheetal Internaiotnal, Mumbai vs Department Of Income Tax IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI

were not genuine to some extent and accordingly he added 3.23% of turnover i.e., fall in gross profit as unexplained expenditure ... explanation has been given by the appellant for explaining the sharp decrease in the Gross Profit in this year. As some fresh evidences were submitted

This is just an arrangement made between the 2 firms to decrease the liability of taxation of the 2 firms and inflate the expenses ... made a very reasonable disallowance of Rs. 43,97,624/- considering the turnover of Rs. 189,85,83,474/- of the appellant