Indian Kanoon - Search engine for Indian Law

Assessing Officer further found that the turnover relevant to financial year 2009-10 increased 42% as compared to turnover in financial year 2006-07, whereas ... consumable stores increased only by 12% and electricity consumption decreased by 10% in the same period. The assessee made a detailed reply to the apprehension

done in the proceeding years resulting in decrease in GP rate by 1.94%. The contention is not rebutted by the A.O. Thus ... this connection, the appellant has further contended that the turnover in these two comparable cases are very high compared to the case of the appellant

Indrason Precision (P) Ltd., ... vs Department Of Income Tax on 11 August, 2016 TAX APPELLATE