assessee. Moreover, the turnover of the
assessee in the said case was Rs.33.10 crores while the turnover of the assessee in
the present ... rate of 4% on the ground that when the turnover increases, GP rate decreases.
Having regard to all these facts, we are of the view
basis of turnover. Reliance
has been placed on some decisions of the Tribunal in support of the plea for
applying turnover filter for selection ... risk taking capabilities in cases of high
turnover companies, which increase the margins with rise in turnover.
However, in the Tribunal decisions cited, no detailed
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
3I Infotech Ltd, Navi Mumbai vs Assessee on 14 August, 2013
आयकर अपील य अ
Zydus Altana Healthcare P. Ltd ( ... vs Department Of Income Tax on 8 October, 2013
आयकर
Bhansali & Co., Mumbai vs Assessee on 2 September, 2013
आयकर अपील य अ धकरण
General Atlantic Pvt. Ltd., Mumbai vs Assessee on 17 May, 2013
आयकर अपील य अ
Indore Composite P.Ltd, Mumbai vs Department Of Income Tax on 7 February, 2013
IN
according to the appellant the GP ratio for the current year has decreased due to
higher cost of purchases, however, on perusal of closing stock ... manufacturing activity would
work out to Rs.3,98,76,338/- on turnover of manufacturing activities of Rs.
18,33,41,908/- resulting into
