assessee, it has been claimed that export turnover of the assessee
increased by 33%; that increase of turnover can be achieved by
reducing margin ... written submission about
decrease in US dollar or its any effect on the G.P.rate, the turnovers
and GP rates of previous 2 years
year under assessment is decreased by 2.77% in comparison to the
immediately preceding year, whereas, the turnover of the appellant has
5
ITA No. 1159 ... known fact of every trade that
slight decrease in GP rate is attributable to the increased turnover. Therefore, the AO
has only considered one side
evident from the above table that the total cash deposits have decreased as compared
to the preceding year. The only reason for doubt ... assessee firm is as under:
Particulars AY 2016-17 AY 2017-18
Turnover 4,32,77,865 4,66,41,222
Cash deposits
Governor India
(P) Ltd. [2009] 312 ITR 254 (SC)
2.6 REASONS FOR DECREASE IN GROSS PROFIT PERCENTAGE
2.6.i Assessee company also effectively marketed ... offering competitive rates which is visible from the fact that the
turnover increased from Rs. 57.11 crores during preceding
year to Rs. 94.38 crores
Jmc Projects (India) Ltd.,,Ahmedabad vs The Acit, Central Circle-1(1),, ... on 22 November
Jmc Projects (India) ... vs The Dy. Cit, Central Circle-1(1),, ... on 22 November, 2024
Jmc Projects (India) ... vs The Dy. Cit, Central Circle-1(1),, ... on 22 November, 2024
The Acit, Central Circle-1(1),, ... vs Jmc Projects (India) Ltd.,, Ahmedabad on 22 November
Jmc Projects (India) ... vs The Dy. Cit, Central Circle-1(1),, ... on 22 November, 2024
The Acit, Central Circle-1(1),, ... vs Jmc Projects (India) Ltd.,, Ahmedabad on 22 November
