expenditure of wages with that of previous year and its corresponding
turnover. The A.O. had not pointed out any specific defect in the wages ... contrary to the finding of A.O.
the expenditure had decreased and the turnover has increased. It was
further submitted that the assessee has deducted
observed that the turnover has reduced as compared to the
preceding year i.e. it has decreased from 1.73 crores to Rs.1.22
crores ... comparison to the earlier year, but in the context of
the reduced turnover in the current year, the increased expenditure
partly explains the negative
The vs Natwarlal on 21 June, 2012
Author: V. M. Sahai
Bench: V. M. Sahai
Sonata Information Technology Ltd, ... vs Assessee on 5 July, 2012
ITA No.1507 of 2012
works on low margins, resulting in decrease of gross
profit percentage. However, it does not explain the decrease in gross
profit from ... cement
from the current year which has resulted in increase in Turnover. However
the margin in cement business was very low as compared to other
