Surya Telecom Pvt. Ltd.,, Panchkula vs Department Of Income Tax
verge of closure of business and its turnover had decreased
from Rs. 601.03 Lacs in Financial Year 2005-06 to Rs. 65.46 Lacs in
Financial
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1 - 10 of 69 (0.52 seconds)First Vac Met Corporation Pvt.Ltd.,, ... vs Assessee
been able to explain
as to why the sales price has decreased. The turnover in A.Ys.2005-06,
2006-07 and in the current ... considering the overall fall in GP rate and the fact that decrease in sale
price is totally unexplained, the addition made
Natwarlal Shrichand Sanghvi, ... vs Assessee
turnover is only 60% of
the last year. In the last year the turnover was Rs.16.72 crores whereas the
turnover in the current ... increased 3.5 times as
compared to last year, whereas the turnover has decrease to 60% of the last
year.
3.3.2 In view of this reason
Wintex Mills Pvt.Ltd.,, Surat vs Assessee
year under consideration
gross loss is shown at 28.27% of the turnover whereas in the immediately
preceding year, GP was shown at 13.64%. Thus, there ... sought to explain the fall on the ground that the
turnover has substantially decreased this year. Last year the turnover
Stafford Controls Ltd.,, Pune vs Department Of Income Tax
loss at
Rs.39,10,774/-. The assessee on the total turnover of Rs. 10,36,80,512/- had
shown Gross Profit ... leading to reduction in G.P. ratio. Due to
sharp decrease in export turnover, there was decrease in overall profit margin. It
was pointed
Sharda Exports, Meerut vs Assessee
knowledge of
the department that the assessee shifted the entire turnover
of old M/s Sharda Exports, Meerut to the new firm of
Haridwar without ... However, Mr. Gupta accepted that their turnover of Delhi firm had
decreased accordingly, due to forming the firm in the same name
with Hardwar office
Guajrat Flourochemicals Ltd.,, Baroda vs Assessee
paid to customers for shortage
claims from export turnover, we find that this issue is covered in favour of
the assessee by the Tribunal decision ... increases the cost of the export, but it does not
decrease the export turnover. Hence, respectfully following the decision of
the Tribunal cited supra
Grand Windsor Resorts Ltd., New Delhi vs Department Of Income Tax
cannot be known at the time of the agreement
what the turnover or profits will be over a period of
years. In similar interpretation ... lump sum, therefore, the same can increase or decrease
on the basis of turnover. It is also pertinent to note that
the above expenditure
Tnt India Pvt. Ltd.,, Bangalore vs Assessee
increase or short fall in the actual turnover would proportionately
increase or decrease the portion of cost to be absorbed by the group
company which
Jayaben Bholabhai Patel,, Surat vs Assessee
assessment order, the assessing officer
has picked up 4 cases where the turnover has ranged from Rs.8.13
crores to Rs.23.62 crores ... There is a
trend of decrease in G.P. as turnover goes up. Thus the fair
estimation of G.P. in the present case would