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fixed assets specially plant & machinery. Despite this fact your turnover has decreased then what use has been put to new assets. The said query

which is slightly decreased from previous year net profit of Rs. 5,14,19,208/- on total turnover of Rs. 89,71,37,753/- showing

2019 M/s. Devu tools Pvt Ltd., Mumbai. -6- Income Turnover 2008 2007 2006 2005 2004 Sales ... Decreases in Stock Gross Profit Turnover . Bogus purchases allowed 52.20% 48.48% 51.94% 35.52% 40.98% As expenses Net Profit/Turnover Bogus purchases allowed

assessee, which the department has not accepted as the actual turnover/sale was much more. That, in fact, the Accountant of the assessee neither ... assessee that with the increase of turnover, generally the N.P rate is decreased. The plea of the assessee has been that though the figure

Lastly Eclerx does not satisfy turnover criteria as, against the Assessee's turnover of Rs.26 crores, the turnover of Eclerx Services ... greater than the 10 times turnover of the assessee. There are various court rulings wherein 10 times turnover criteria is considered for eliminating comparables

Dcit, New Delhi vs M/S. Dabur India Ltd., New Delhi on 18 February, 2021

M/S. N.R. Finance Pvt. Ltd., Indore vs The Dcit, (Central)-1, Indore on

Sulzer Pumps India Ltd, Navi Mumbai vs Dcit 15(3)(2), Mumbai on 23 March

Infor (India) Private Limited , ... vs Deputy Commissioner Of Income Tax ... on 6 October, 2021 IN

Cadbury India Ltd, Mumbai vs Addl Cit Rg 5(1), Mumbai on 17 February, 2021