gradually decreasing, which shows the reduced sales in the market. The defendant has not supplied its balance sheet to demonstrate its turnover, sales and profits
Department has nowhere mentioned in the relevant clause for the
financial cumulative turnover for the last three years. The employer's
request for clarification ... shall be in writing and no
change including any voluntary increase or decrease in the price or
substance of the bid shall be sought, offered
applied the G.P. rate of 35% on the
total turnover (both accounted and unaccounted) of
Rs. 4,67,37,067/- stating that assessee has
declared ... However, the
assessee has pointed out that as regarding the
accounted turnover of the assesse was 3,61,76,638
on which gross profit
come to the conclusion that the
addition made to the book turnover on the basis of the survey
results was proper and the Appellate Assistant ... product must
also decrease in quantum and in the absence of other materials
this was a sound basis for fixing the turnover, supports our view
applying the upper limit of 200 crorers for the
turnover filter applied by the TPO by placing
Date of Judgment ... turnover filter even when
the turnover has no linkage with the margins
and in fact the TPO in order demonstrated that
when turnover is high
defendant illegally decreased the
plaintiff's credit limited to Rs.1.5 lacs which resulted into a negative impact on
the turnover
erred in not allowing adjustments on account of the
increase and decrease of capital in the relevant
chargeable accounting period. The assessee added
that ... worked out by the
application of a rate to the turnover. I am, thus,
unable to allow this contention."
Aggrieved, the assessee carried appeals
goods for purposes of assessment is required to be increased or decreased is a question that relates directly and proximately to the value of goods ... belonged to M/s. Christine Hoden (I) Pvt. Ltd. and since the turnover of M/s. Christine Hoden (I) Pvt. Ltd., had crossed two crores
decrease. Therefore, increase in absolute terms does not give the entire
picture. It requires a deeper analysis. Furthermore, the yearly figures of turnover given
Appellate Tribunal have no authority to add a new item to the turnover and include therein what was not before the assessing authority for that ... with their order. In the normal cases this would result in the decrease of the tax liability of the appellant. The second proviso
