services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group ... services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group
secured loans. He also points out from the report that the turnover has decreased.
21. But, as rightly pointed out by the learned Counsel
observed that besides decrease in the turnover m comparison to the last year, the telephone expenses have been increased tremendously After verifying the details
However, keeping in view the fact that the assessee's turnover has
been increased from ... will be justified. It is well settled that when turnover
increases, margin of profit decreases. The rate of GP in the immediate
preceding assessment year
Assistant Commissioner Of Income Tax vs Fertilizer Traders [Alongwith Ita No. ... on 13 February, 2004
Mahindra Sintered Products Ltd. vs Dy. Cit on 30 March, 2004
Equivalent citations: [2005]95ITD380
Mahindra Sintered Products Ltd. vs The Dcit, Spl.Rg.49 on 30 March, 2004
Equivalent
Samir C. Arora vs Securities And Exchange Board Of India on 15 October, 2004
Equivalent
Mangalya Trading And Investment Ltd. vs Deputy Commissioner Of Income Tax on 23 April, 2004
Abbey Chemicals Pvt. Ltd.,, Baroda vs Department Of Income Tax on 7 July, 2004
IN
