expenses reimbursed by
the Company were reasonable to the turnover of the Company
and decreased over the period of time. -The statement of shared
service ... expenses reimbursed by
the Company were reasonable to the turnover of the Company
and decreased over the period of time. The statement of shared
service
despite
the steep decrease in turnover of the assessee. Accordingly, he
disallowed the difference of Rs 61,15,842/- ( 20051950 - 13936108) in
the assessment
stiff competition , hence no increase in
margin on turnover, hence there is decrease in the Gross Profit
margin."
6.8. We have considered rival contentions ... conducted by revenue on
24.02.2009. We have observed that despite increase in turnover, the
assessee is consistently showing a low GP ratio over years
case of the Revenue that
sales turnover of the assessee has decreased or the net
profit ratio is less than the earlier assessment years
reconciliation that for F&O reconciliation of turnover as per books with
turnover as per Form No.10DB and Trade Files both are considered ... assessee recorded turnover upto 31-03-2009 it would have resulted in to decrease
in profit by Rs.69,078/-, hence there remains no question
also has a very high turnover as compared to the assessee and
also fails the quantitative filter of : turnover less than Rs. 1000 crores
applied ... order.
The turnover of Engineers India Ltd. is stated to be 2656 crores as against
the turnover of only Rs.290 crores of the assessee
purchase
4
ITA No. 6413/M/2016
A.Y.2011-12
price, decrease in the market price of finished goods, increase in the
selling ... comparative Gross Profit and Net Profit, NP rates based on
turnover of the assessee for three assessment years as under:
Assessment Year Sales Gross Profit
Readymade Garments. During the year, the assessee
HUF has shown total turnover of Rs.2,01,49,934/- and
declared gross profit ... against during
immediately preceding year, the total turnover at
Rs.1,44,36,976/- and gross profit
Mondelez India Foods Ltd, Mumbai vs Addl Cit Rg 5(1), Mumbai on 4 July
Snc Lavalin Engineering India P.Ltd, ... vs Dcit Cir 11(2)(2), Mumbai on 6
