sales rate of the assessee was higher which resulted
to substantial decrease in sales of the assessee in AY 2009-10.
When the assessee lower ... Jaipur wherein
the GP of this firm 15.30% on declared turnover of Rs.
11,77,70,683/- was accepted. The copy of assessment order
from the year 2004-05 including the details of the
privilege fee, turnover and taxable income of the petitioner,
which is indicated in a Tabular ... clarity
and by comparison, the turnover of the petitioner. During the
period from 2004-05 to 2011-12, the turnover of the petitioner
has increased
total turnover @ 9.55% as
shown in the last previous year. Thus the AO made trading addition of
Rs. 97,99,900/- on turnover ... observed that gross profit
rate of the assessee has decreased from 9.55% in the last year to
5.73% and accordingly enhanced the gross profit rate
open market and not because the working capital cost increases or decreases the profit margin.
Hence we find no merit in this claim ... comparables are to be excluded.
(i) Infosys BPO Limited - where the turnover is Rs.1,312 Crores and has a global
brand value with
Company, Jhunjhunu
Comparative % of Contract Expenses
Financial Year Turnover Contract % of contract
Expenses expense as to
turnover ... percentage of such expenses as proportion to
the total receipt has decreased from 89.95% to 89.25%.
However, keeping in view the fact that the books
logic. The A.O. has lost
sight of the fact that the turnover of the appellant company has increased
multifold and by this logic also ... increased by 0.79%) during the year under
consideration. Had there been any decrease or loss resultant to the
increase of consumption, it would have been
M/S Dabur India Ltd.,, Delhi vs Acit, New Delhi on 12 April, 2017
IN
Elitecore Technologies Private ... vs Dy.Cit, Circle-2(1)(1) , Ahmedabad on 31 March, 2017
The Dcit, Circle-1(1),, Baroda vs Gujarat Flurochemicals Ltd.,, Baroda on 28 June, 2019
loss of Rs.1,75,74,887/- on the total turnover of Rs.1,69,62,106/-;
(b) the loss on sale of machinery ... sale and purchase of any
asset under any block can only increase/decrease in value of block and
depreciation can be accordingly claimed/allowed
