2007
(b) The ratio of labour charges to total receipt is decreased to
52.99% from 58.88% compared to the preceding previous year.
(c) Regarding ... increase in gross profit ratio. However,
this is because of decrease in turnover (from
achieved turnover of Rs.736 lacs as against 200 lacs in the
earlier year. Therefore, there was increase of almost 268% in the
turnover ... thereafter noted that the
turnover of the assessee has increased by more than 3.5 times and
increased turnover would normally result in increase in over
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
3701/Ahd/2007
reflected turnover of Rs. 8,70,36,023/- as against turnover of Rs.8,67,35,824/- in
the preceding assessment year ... year rate of Rs.11.31 per meter while there
was no decrease in job rates in printing metres. Accordingly, the assessee
submitted that these
gross profit as compared to last year. The
assessee had shown total turnover of Rs.64,63,412/- with gross profit ... Diamond
Market and due to competition with China, the margin of profit decreased compared to last year.
The Assessing Officer did not accept the explanation
The Asstt. C.I.T. vs National Lamination Industries And ... on 5 June, 2007
Equivalent
Hamilton Houseware Pvt.Ltd.,, Vapi vs Department Of Income Tax on 13 February, 2007
IN
Naval Technoplast Ind.Ltd.,, ... vs Department Of Income Tax on 18 January, 2007
IN THE
with the help of Canton Chem Inc. The assessee
achieved export sales turnover of `.4.27 crores as against `.2.03
crores in earlier year. The increase ... Chem Inc. was an Associate concern of the
assessee. When sale was decreasing which was `.1,08,72,730/- in
the year under appeal
