that the main reason for decrease in gross profit ratio was
because of higher cost of purchase and decrease in sale price ... assessee and estimated the gross
profit at 5% of the turnover and made the addition on this account.
The addition was challenged before the learned
turnover of Rs.6,01,58,624/-, whereas total
deposits in bank were amounting to Rs.749,28,900/-. After considering the increase
and decrease
that due to stiff
competition in the market, the net profit decreased and the two
cases cited before the CIT(A) wherein net profit ... under :-
A.Yrs. Turnover Closing stock Gross profit Net profit
(in Rs.) (in Rs.) (in Rs.) (NP
(in Rs.) percentage
of turnover
Swaranandhra Ijmii Intergrated Town ... vs Assessee
IN THE INCOME TAX APPELLATE TRIBUNAL
HYDERABAD BENCH '
Atul Limited,, Ahmedabad vs Assessee
IN THE INCOME TAX APPELLATE TRIBUNAL
AHMEDABAD BENCH "D
Lg Electronics India Pvt. Ltd., Uttar ... vs Assessee
आयकर अऩीऱीय अधधकरण, ददल्ऱी विशेष न्यायऩीठ, नई
The Governor Of Tamil Nadu vs Jm Combines
Author: M. Duraiswamy
Bench: M. Duraiswamy , Sunder
The Governor Of Tamil Nadu vs Jm Combines
Author: M. Duraiswamy
Bench: M. Duraiswamy , Sunder
M/S. Mrf Limited vs Ministry Of Corporate Affairs(Mca)
Author: K.Ravichandrabaabu
Bench: K
Commissioner vs Mitsu
TAXAP/658/2009 11/ 12 ORDER
IN
THE HIGH COURT OF GUJARAT
