Franco-Indian Pharmaceuticals Pvt. Ltd. and since there was
decrease in turnover in the current financial year, the claim of expenditure incurred on
account
purposes of the business but the resultant increase in the turnover is insignificant,
we do not see any such provision in the income ... questioned allowance of
these expenditure on the basis of increase or decrease in turnover or on rendition of
services. In nutshell for assessment year
immediately preceding assessment year. The AO found that the turnover has decreased but the generator running expenses have been increased. Keeping in view, these facts ... learned CIT(A) has given the reasoning that the turnover in this year has decreased in terms of money. But in our considered opinion, this
would be proper to take GP rate at 27% as the turnover has
decreased [almost 20%) because it is trite law that with increase ... rate @ 27% for the reason that there was a decrease
in the turnover without providing opportunity to the assessee in
contravention of the provisions
curtailing the
inventories and trades receivables during the year under consideration.
• Turnover on sale of finished products during the year under consideration is increased ... preceding year of Rs. 125.77 crores
whereas the overall liability is decreased from 161.09 crores in the preceding year to
Rs. 148.98 in the year
curtailing the
inventories and trades receivables during the year under consideration.
• Turnover on sale of finished products during the year under consideration is increased ... preceding year of Rs. 125.77 crores
whereas the overall liability is decreased from 161.09 crores in the preceding year to
Rs. 148.98 in the year
curtailing the
inventories and trades receivables during the year under consideration.
• Turnover on sale of finished products during the year under consideration is increased ... preceding year of Rs. 125.77 crores
whereas the overall liability is decreased from 161.09 crores in the preceding year to
Rs. 148.98 in the year
failing to
obtain the reasons for substantial increase in the turnover and decrease in
average annual power consumption after the period of search
failing to
obtain the reasons for substantial increase in the turnover and decrease in
average annual power consumption after the period of search
failing to
obtain the reasons for substantial increase in the turnover and decrease in
average annual power consumption after the period of search
