erred in ignoring the most vital facts to the effect that turnover
decreased drastically from 16.93 crores during FY 2015-16 to 6.28 crores during
J C Home Tex, Jaipur vs Assistant Commissioner Of Income Tax ... on 10 July, 2024
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
bench will kindly appreciate that there is no difference
between the turnover as per RVAT returns/assessment order and the books of
accounts ... assessee as per his books of accounts duly tallies with the turnover assessed
by the VAT authorities of state Govt.
8. That as regards adverse
Mohan Lal Ashok Kumar Saraf,Jaipur vs Dcit Cen Cir 1, Jaipur on 28 November
Yogesh Chand Gupta,Alwar vs Acit, Alwar on 12 December, 2024
vk;dj vihyh; vf
Yogesh Ginning Mill, Prop. Yogesh Chand ... vs Acit, Circle I, Alwar on 12 December, 2024