decreased expenses of STP unit and increased
expenses of non-STP unit. The AO proceeded by allocating the expenses
on the basis of turnover
work-in-progress in its
balance sheet and there is also increase/decrease in inventories
in its profit and loss account and under the head ... seen
that this company does not pass the test of 75% export turnover
which is used as a filter by the TPO himself. This company
Sunweta Steels Ltd
turnover has fallen down from 1.73 crore to 1.57 crore due to
recession in the steel industries and despite that the assessee ... various expenses and amongst them are the
professional fee expenses which was decreased from Rs. 30.71
lakh to Rs. 24.23 lakh. This includes the deduction
Readymade Garments. During the year, the assessee
HUF has shown total turnover of Rs.2,01,49,934/- and
declared gross profit ... against during
immediately preceding year, the total turnover at
Rs.1,44,36,976/- and gross profit
Jawahar B. Purohit, Mumbai vs Asst Cit Cen Cir 22Xc, Mumbai on 20 September, 2017
Gopaldas Visram & Co. Ltd, Mumbai vs Dcit 4(2), Mumbai on 21 September, 2017
Assistant Commissioner Of Income Tax vs Asea Brown Boveri Ltd. on 5 April, 2007
Equivalent
Asst Cit Cir 6(1)(2), Mumbai vs Ask Investment Managers P.Ltd, Mumbai on
Asstt. Cit, Rg. 4(1) vs Claridges Investments And Finances (P) ... on 9 August, 2007
Reliance Industrial Infrastructure ... vs Joint Commissioner Of Income Tax on 4 June, 2001
ORDER
J