current year it was Rs.62.46
lacs. This has decreased the GP in the current year.
The Ld. CIT (A)'s findings ... sister concern and the fact that there is a huge fall
in turnover from Rs.19 crores to Rs.12 cores which remains
unexplained
Sh. Satyaveer Singh Kothari, ... vs Department Of Income Tax on 17 November, 2011
IN THE
Rieco Industries Ltd.,, Pune vs Assessee on 21 December, 2011
IN THE INCOME TAX APPELLATE
Hope Inida Polishing Works P. Ltd, ... vs Department Of Income Tax on 14 June, 2011
Nasir Khan, J. Mahadik, Mumbai vs Department Of Income Tax on 15 November, 2011
IN
reasonable compared to earlier years and there is three times
increase in turnover from Rs. 1.65 crores to Rs. 4.52 crores. It
was also submitted ... conclusion, we are
reproducing hereunder the profit rate of earlier years :-
Turnover N.P. Before NP after NP Ratio
Depreciation Depreciation depreciation after
Lunkad Securities Ltd., Indore vs Assessee on 2 August, 2011
1
IN THE INCOME TAX
Ram Enterprises, Bhopal vs Department Of Income Tax on 2 August, 2011
1
IN THE
year. It is a well settled principle that profit may increase or decrease every day
but tax is paid only on the income ... compared to 19.55% in the immediately preceding year. The turnover is also on
the higher side at Rs.3,01,55,938/- as compared
Sanghavi Jewellery Mfg. Co. Pvt. Ltd , ... vs Assessee on 13 October, 2011
IN THE INCOME
