M/S Juhi Alloys Pvt. Ltd. , Kanpur vs Assessee on 24 February, 2016
preceding year but there is decrease
in the turnover and therefore, this is the objection of learned CIT that the
overall turnover shown
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1 - 3 of 3 (0.61 seconds)J.R Organics Ltd., Barabanki vs Assessee on 29 February, 2016
details have been
filed and during the year, manufacturing and sales have decreased but the
expenses on repairs to plant & machinery, building and others ... direct
correlation with the increase or decrease in sales and therefore, merely on
this basis that the turnover has gone down, the repairing expenses cannot
Rohit Rai Sethi, Lucknow vs Assessee on 3 February, 2016
respectively. The only explanation given by
the appellant for drastic decrease in gross profit rate to 1.72%
was that during the year he closed down ... profit rate of 5% applied by the
AO in respect of business turnover of the appellant is more than
reasonable. Under the circumstances, addition
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