rejecting the books of
accounts and estimating the profits at 15% of turnover are as under:
2
ITA No. 1221/H/16
RK Township Promoters ... immediate previous year even though there
was decrease in sales during the year. The assessee did not
produce any supporting evidence, did not file details
2015
A.Y.2010 -11
September, 2009. After demerger, turnover of the company has increased
from Rs.1562 milions in the immediately preceding Financial Year ... Financial Year 2009-10. Whereas, gross profit before
depreciation and interest has decreased from Rs.389.83 milions in the
immediately preceding Financial Year
2011_
ITO Vs Smt. Manju Devi
G.P. has decreased from 11.65% to 4.07% in the current
year. However, he failed to appreciate the significant ... business and also involved only part
of such period. Moreover, the turnover in the current year
has risen to 9.09 crores in compare
rate declared by the assessee was 9.72% when
the turnover was increased substantially to Rs. 123 crores. The NP
rate declared by the assessee ... Thereafter the net profit again was decreased by about 16% to 0.52%
in A.Y. 2009-10 while the same was increased substantially by about
range and rise rapidly, stays there for a while and then
decreases rapidly. This makes a bell shaped pattern. The A.O. on page ... financial credentials as the company
concerned has almost no fixed asset, no turnover, no profitability and do not pay
taxes. Hence, such companies were designed
exports/
turnover is falling over the years. This means that the exports of the
company are stagnant in the different years though the turnover ... follows:-
8
Capacity Utilization
Year Plant Installed Actual Utilization %
Capacity Production (%) Increase/decrease
from previous year
2005-06 Nasik
fall in G.P. compare to last year
due to turnover. The Turnover is increased from the last year. Further
In diamond imports/ exports business ... this business, day by day increasing in cost of rough diamonds and
decreasing in cost of polished diamonds comparatively, volatile forex
market, money crisis
The Acit, Central Circle-1(1),, ... vs Jmc Projects (India) Ltd.,, Ahmedabad on 22 November
The Acit, Central Circle-1(1),, ... vs Jmc Projects (India) Ltd.,, Ahmedabad on 22 November
Sabir , Sew & Prasad Jv,Hyderabad vs Dy. Commissioner Of Income Tax , ... on 24 February
