last two years net profit
rate applied the same on the turnover disclosed by the assessee and
after comparing with the profits disclosed ... then the net profit for the year under
appeal would not have decreased very significantly from the
preceding year and would have been consistent
Shree Laxmi Estate P. Ltd, Mumbai vs Ito Wd 15(3)(3), Mumbai on 5
M/S. Aamby Valley Ltd., Mumbai vs Acit, New Delhi on 22 February, 2019
IN
Amadeus Global Travel Distribution Sa, ... vs Adit, New Delhi on 18 July, 2019
INCOME TAX
Entertainment Network (India) Ltd, ... vs Asst Cit Rg 11(1), Mumbai on 26 June, 2019
Dcit, Cir-4(1), Kolkata, Kolkata vs M/S Mcleod Russel India Ltd., Kolkata on
Punjab Hide Company, Amritsar vs Income Tax Officer Ward 3 (3), Amritsar on 25 February
Deputy Commissioner Of Income-Tax,, ... vs Igate Global Solutions Ltd.,, ... on 5 August, 2019
IN
Acit, New Delhi vs M/S. National Cable Industries, New ... on 26 September, 2019
1
from the above particulars that discounts are
increasing inversely proportional to the turnover achieved. Therefore there is
no merit in assesse's claim that ... assessee has inflated the expenditure on account of discounts to
decrease the profit.
7
I.T.A. No.442/Coch/2018
