constraint to provide for such substantial credits
especially considering that the total turnover was only Rs.1.76 crores, the
assessee was required to justify ... prevalent market rates. Further that the said company
had a total turnover of Rs.26.24 crores out of which there were debtors
outstanding
assessee has shown gross loss of Rs.3,84,90s/- on
turnover of Rs. 97,00,9007- giving a negative G.P. rate ... Particular AY 2005-06 AY 2006-07 AY 2007-08
s
1 Turnover 1046512 4110820 9700908
2 Gross 233660 321520 -384905
Profit
against Rs. 45,53,670/-), it was decreased in PNB Account (Rs.
49,77,699/- as against Rs. 73,33,811/-); as per the statements ... Oriental Bank of Commerce account
which represent the unaccounted turnover/receipts reflected in the said
bank accounts.
10. The CIT(A) observed that though
decreased from 22.60% of
the immediately preceding assessment year to 14.39% during the relevant
period, and the AO has added only 2% of the turnover
The Delhi Value Added Tax Act, 2004
DELHI
India
The Delhi Value Added Tax Act
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