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annual report, the company experienced losses due to decrease in turnover, provision for doubtful debts and change in accounting procedures. Further, as per the annual

Wipro Ltd. The learned Counsel pointed out that the segmental turnover of Infosys was at Rs.156,48,00,00,000/- and that of Wipro ... risk taking capabilities in cases of high turnover companies, which increase the margins with rise in turnover. However, in the 6 Tribunal decisions cited

basis of turnover. Reliance has been placed on some decisions of the Tribunal in support of the plea for applying turnover filter for selection ... risk taking capabilities in cases of high turnover companies, which increase the margins with rise in turnover. However, in the Tribunal decisions cited, no detailed

constraint to provide for such substantial credits especially considering that the total turnover was only Rs.1.76 crores, the assessee was required to justify ... prevalent market rates. Further that the said company had a total turnover of Rs.26.24 crores out of which there were debtors outstanding

assessee has shown gross loss of Rs.3,84,90s/- on turnover of Rs. 97,00,9007- giving a negative G.P. rate ... Particular AY 2005-06 AY 2006-07 AY 2007-08 s 1 Turnover 1046512 4110820 9700908 2 Gross 233660 321520 -384905 Profit

decreased from 22.60% of the immediately preceding assessment year to 14.39% during the relevant period, and the AO has added only 2% of the turnover

Li And Fung India Pvt. Ltd. vs Commissioner Of Income Tax on 16 December, 2013

The Tata Power Company Limited vs Maharashtra Electricity Regulatory ... on 28 November, 2013 Appeal No104

3I Infotech Ltd, Navi Mumbai vs Assessee on 14 August, 2013 आयकर अपील य अ

assessee firm and estimation of GP rate @25% of the turnover is purely on the basis of surmises and conjectures and therefore should ... various reasons such as increase in the cost of raw material, decrease in the market price of finished product, increase in the cost of processing