filed the details of the Turnover from A.Y.2015-16 to
2018-19 along with the turnover made during the festival season of Dasara ... Therefore, the
ld.AR contended that the very decrease in turnover on year on year basis itself
shows that there is no bogus sales
assessment
proceedings, assessee was asked to explain decreasing in GP when
there was an increase in turnover. It was also observed by the AO
that
sustaining the assessment of business
income at 8% of the total turnover reported at Rs. 2,78,28,509/-
amounting ... total turnover was
arbitrary and wholly unjustified and further ought to have
appreciated that having not taken note of the increase / decrease
reflected
Shibaura Machine India Pvt. ... vs Dcit, Corporate Ward-3(1),, Chennai on 17 March, 2026
