Indian Kanoon - Search engine for Indian Law

year. Looking to the 250 times increase in the turnover, we found that the marginal decrease in the G.P. is reasonable

J C Home Tex, Jaipur vs Assistant Commissioner Of Income Tax ... on 10 July, 2024

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

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

moisture in the material per unit production decreased. In all the other months the consumption of unit are normally ranging within ... preceding year despite of around 20% increase in turnover. In other words, there is just marginal decrease in GP rate. Also, if trading addition

there is a substantial increase in the turnover of the assessee, therefore, merely there is a decrease in the GP rate does not warrant ... decrease in the GP from 1.08% to 0.92% is not so significant having regard to the three-fold increase in the turnover. Even otherwise

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

estimated the profit @ 11.5% on the turnover of Rs. 16.84 crore. The Hon'ble Bench has also considered its order ... Assessee has claimed that with the increase of turnover, profit rate is decreased. For 5 ITA 54 & 164/JP/2013_ Choudhary & Brothers