should have considered
cumulative effect of all the factors which resulted in decrease in GP.
In other words, raw material prices have been increase ... that on non
furnishing of certain information net profit @ 2.31% of the
turnover, net of all expenses, was made after detailed
examination/verification
Sabic Innovative Plastics India ... vs Assessee on 8 May, 2013
ITA No. 142/Ahd / 2013
Indore Composite P.Ltd, Mumbai vs Department Of Income Tax on 7 February, 2013
IN
Ge Be Private Limited , Bangalore vs Assessee on 30 August, 2013
IN THE INCOME TAX
Deepak Industries Ltd., Kolkata vs Assessee on 11 June, 2013
आयकर अपीलीय अधीकरण, Ûयायपीठ - "
instead of increase
in the expenses, there should be decrease in the expenses. The assessee's
explanation was as under:
"Your honour ... sales were of
the order of Rs.73.47 lakhs, the turnover during the year has increased more
than 50% as compared to last year
Shri. N.J.C. Reddy, Bangalore vs Department Of Income Tax on 8 May, 2013
according to the appellant the GP ratio for the current year has decreased due to
higher cost of purchases, however, on perusal of closing stock ... manufacturing activity would
work out to Rs.3,98,76,338/- on turnover of manufacturing activities of Rs.
18,33,41,908/- resulting into
M/S Pam Builders & Developers , ... vs Department Of Income Tax on 21 August, 2013
