Wings Pharmaceuticals Pvt. Ltd.,, New ... vs Department Of Income Tax on 23 April, 2012
IN
infrastructure is meant for manufacturing
activities; that the assessee company has a turnover of about ` 508
crores from its manufacturing operations; that the Assessing Officer ... crores from ` 81.46 crores;
and that the loan refunds had decreased from ` 97.38 crores to ` 82.84
crores, establishing that no borrowed funds had been utilized
business of civil
construction work during the year, had shown a decrease in the net
profit rate of 4.09% to 3.40% as compared ... made,
ignoring the fact that the percentage of labour wages to gross turnover
had come down to 13.73% for that year (Assessment Year