ratio of the appellant company has decreased as
compared to average of preceding three financial
years. The said decrease in GP and NP rate ... Turnover 1,020,152,679 73,94,89,024
% of financial charges over net turnover 5.48% 3.64%
% increase in financial charges 1.84%
Report
M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April
linked with the sales and with every increase / decrease in the
sale, such expenditure also increase / decrease e.g. Transportation, Hamali Wages ... there can`t be any situation
where despite there being huge turnover around Rs. 30 crore yet however, not a
single penny on account
Circle- 3 Jaipur
.
2.11 As regards the GP rate application on regular turnover, hat the
assessee is maintaining all the books of accounts including cash ... JCIT (OSD), Central Circle- 3 Jaipur
.
knowledge that increase turnover is achieved with decrease
in margin of profit. Hence the GP rate
estimation of turnover and income thereon. We find
that the Assessing Officer has estimated a net profit @ 1% on the estimated
turnover on 1.5 crore ... nature and will not vary with the
increase or decrease of the turnover and therefore gross profit rate inspite of
net profit rate should have
Circle- 3 Jaipur
.
2.11 As regards the GP rate application on regular turnover, hat the
assessee is maintaining all the books of accounts including cash ... JCIT (OSD), Central Circle- 3 Jaipur
.
knowledge that increase turnover is achieved with decrease
in margin of profit. Hence the GP rate
services and any increase or shortfall of the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the company
paid to customers for shortage
claims from export turnover, we find that this issue is covered in favour of
the assessee by the Tribunal decision ... increases the cost of the export, but it does not
decrease the export turnover. Hence, respectfully following the decision of
the Tribunal cited supra
2025
turnover has been increased but stock has been decreased. In
view of this, value of closing stock of Rs.23,49,500/- shown
cannot be known at the time of the agreement
what the turnover or profits will be over a period of
years. In similar interpretation ... lump sum, therefore, the same can increase or decrease
on the basis of turnover. It is also pertinent to note that
the above expenditure
