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reasons beyond the appellant's control, assessee's turnover has also decreased by approx. 859.74 crore leading to slight decrease

reduced. ii. That during the year under consideration out of total turnover, the turnover of Rs. 30,26,21,654/- was in the nature ... rate was due to various factors such as increased turnover, tough competition in market, decreasing profit margin etc. I find some force in the appellant

financial cost which increased from 4.91% of Turnover in A.Y. 2011-12 to 5.91% of Turnover in A.Y. 2012-13. The Long Term ... Fall in GP Ratio 3.08% 4.25% Less: Decrease in Depreciation (-)0.04% Less: Decrease in Other Expenses (-)0.25% Net Profit Ratio

that this is an admitted fact that there is a suppression of turnover. Therefore, that itself is sufficient reason for rejection of books of account ... books of account, the admitted facts are that there is suppression of turnover. We find that this sole reason is sufficient for rejection of books

surcharge on their taxes.  For small businessmen and companies with annual turnover of Rs. 50 crore, the tax liability has been reduced from ... forward, as envisaged by the demonetization drive. To reduce tax evasion and decrease dependence on cash, cash transactions over Rs. 3 lakh have been banned

resulted into over-statement of GP during such year with the corresponding decrease in the year under consideration. If such error would not have crept ... Under (A.Y. 2006- Consideration] 07) 1 Turnover 725.19 684.71 2 Gross Profit (as per books) 198.19 356.06 3 Value of scrap related

increase in prices of raw material, increase in the cost of manufacturing, decrease in sale price etc. He has cited a number of decisions ... coke by declaring the GP rate of 16.83% on increased sales turnover of Rs.481 lakhs as against the GP rate of 9.43% on sales

The Tata Power Company Limited vs Maharashtra Electricity Regulatory ... on 28 November, 2013 Appeal No104

Vodafone India Services Private Ltd.,, ... vs The Deputy Commissioner Of Income Tax, ... on 23 January

Dcit, Cir-5, Kolkata, Kolkata vs M/S Essel Mining & Industries Ltd., ... on 21