observing that though
the turnover of the business has decreased from Rs.126.61 crores in
assessment year 2002-03 to Rs.106.38 crores
operating assets) but at a
decreasing rate. Hence, it is appropriate to apply upper turnover
filter based on the classification of companies
this year
although the turnover of assessee has increased by 1.7 times but the average job
charges decreased to Rs 5.25 per meter as against ... production mix. Though the turnover of the assessee has increased by
1.7 times, but the average job charges decreased to Rs.5.25 per meter
J C Home Tex, Jaipur vs Assistant Commissioner Of Income Tax ... on 10 July, 2024
Acit-1(1), Indore vs Kriti Nutrients Limited, Indore on 9 January, 2026
आयकर अपीलीय
knowledge of
the department that the assessee shifted the entire turnover
of old M/s Sharda Exports, Meerut to the new firm of
Haridwar without ... However, Mr. Gupta accepted that their turnover of Delhi firm had
decreased accordingly, due to forming the firm in the same name
with Hardwar office
Present A.Y.
Normally when the turnover increases the net profit decreases but it is not the case of
the appellant. Further, the case ... Further if there was a decrease
in the net profit rate, but at the same time the turnover is also increased about
1000% this case
major reason for fall in GP was
a substantial increase in turnover by almost 50% from Rs.
60.71 Cr during the earlier year ... under consideration; that to achieve such an increase
in turnover, a business has to decrease its margins to
obtain much higher sales; that the primary
expenses cannot have an element of turnover. He also
emphasized that for a receipt to be called as turnover, there should be an
element ... assessee in either of the units to either decrease the total turnover or
increase the profits of the business, thereby discharging the claim for
deduction
profit but not the denominator, i.e., the turnover because the corresponding
turnover was factored in the computation of the operating margins of the
earlier ... Haier Appliances India P. Ltd. v. ACIT
turnover of which is not the part of the turnover of the present year cannot
be considered