fall in the turnover by Rs.3.11 crores
which was a decrease of 42.52%,
5.1 Instead of appreciating the facts of the case ... fact a decrease in the expenses during
the year; but she failed to take into consideration the decrease in
the turnover as we!!. She repeatedly
Comparative G.P chart of
three years are as under:
A.Y. Turnover Gross Profit GP rate ... sale price of
the major items where sale realisation has been decreased
and purchase price has increase in comparison to last year.
He further stated
2009
11.25% of these expenses i.e. in .the ratio of the turnover of Unit-
IV withdrawn from Unit-111 are allocated to Unit ... Sales
2. Increase / Decrease Stock (10,709,117) -' (10,769,117) (5,485,820
3. Other income
The vs Natwarlal on 21 June, 2012
Author: V. M. Sahai
Bench: V. M. Sahai
Wings Pharmaceuticals Pvt. Ltd.,, New ... vs Department Of Income Tax on 23 April, 2012
IN
infrastructure is meant for manufacturing
activities; that the assessee company has a turnover of about ` 508
crores from its manufacturing operations; that the Assessing Officer ... crores from ` 81.46 crores;
and that the loan refunds had decreased from ` 97.38 crores to ` 82.84
crores, establishing that no borrowed funds had been utilized
assessee alongwith other
documentary evidence, the AO again doubted on the decreasing N.P. rate in
the case of the assessee and asked various questions ... finally held that in the case of the assessee under
consideration, the turnover is much more than Rs.40 lacs. The N.P. rate
assessee alongwith other
documentary evidence, the AO again doubted on the decreasing N.P. rate in
the case of the assessee and asked various questions ... finally held that in the case of the assessee under
consideration, the turnover is much more than Rs.40 lacs. The N.P. rate
company and not to the
assessee. The business of the assessee gradually decreased
since the entire business was transferred to the company. It is
evident ... benefit of the assessee.
Assessment Receipts/ Net Profit N.P. Ratio
Year Turnover
