2022
A.Y. 2012-13 & 2013-14
10
sales turnover decreased to Rs.452.45 Cr in assessment year
2009-10, from that
2022
A.Y. 2012-13 & 2013-14
10
sales turnover decreased to Rs.452.45 Cr in assessment year
2009-10, from that
erred in ignoring the most vital facts to the effect that turnover
decreased drastically from 16.93 crores during FY 2015-16 to 6.28 crores during
curtailing the
inventories and trades receivables during the year under consideration.
• Turnover on sale of finished products during the year under consideration is increased ... preceding year of Rs. 125.77 crores
whereas the overall liability is decreased from 161.09 crores in the preceding year to
Rs. 148.98 in the year
curtailing the
inventories and trades receivables during the year under consideration.
• Turnover on sale of finished products during the year under consideration is increased ... preceding year of Rs. 125.77 crores
whereas the overall liability is decreased from 161.09 crores in the preceding year to
Rs. 148.98 in the year
curtailing the
inventories and trades receivables during the year under consideration.
• Turnover on sale of finished products during the year under consideration is increased ... preceding year of Rs. 125.77 crores
whereas the overall liability is decreased from 161.09 crores in the preceding year to
Rs. 148.98 in the year
should
not be treated as unexplained money especially as the annual
turnover had decreased. The assessee responded vide
submissions dated 27.12.2019 explaining that assessee ... cloths,
2
farm crops, miscellaneous goods and petrol pump the
breakdown of turnover in the financial statements was
reproduced. The assessee had tabulated the difference
J C Home Tex, Jaipur vs Assistant Commissioner Of Income Tax ... on 10 July, 2024
major reason for fall in GP was
a substantial increase in turnover by almost 50% from Rs.
60.71 Cr during the earlier year ... under consideration; that to achieve such an increase
in turnover, a business has to decrease its margins to
obtain much higher sales; that the primary
Present A.Y.
Normally when the turnover increases the net profit decreases but it is not the case of
the appellant. Further, the case ... Further if there was a decrease
in the net profit rate, but at the same time the turnover is also increased about
1000% this case
