also drew attention of this bench to a table
wherein the turnover of the comparables were listed in the
decision relied by him in case ... upper
limit on the turnover while selecting the companies comparable.
In this regard, it is submitted that application of turnover filter is
relevant criterion
work in progress or addition
made to fixed assets, Mismatch in sales turnover reported in audit report and
4426.Del.2018
M/s Modern Paper ... shown total turnover of Rs. 336,61,83,231/- thereby having a Gross Profit of
23.8% as compared to the total turnover
Large cash deposit during demonetization and
abnormal increase in sales with decrease in profitability compared
to preceding previous years". Accordingly statutory notices ... course of the assessment proceedings, the
Assessing Officer noted that the turnover of the assessee for the
year is 26,22,34,894/-. The assessee
appellant, it is noticed that the appellant has substantially
increased his turnover of jewellery segment from Rs. 8,23,17,258/- in the earlier year ... from the said business strategy on the ground that there
is substantial decrease in the profit margin and traders in the similar trade are declaring
which
Page 5 of 8
ITA No. 2255/Hyd/2018
goes on decreasing year after the year. Generally, in the initial years it
would ... crores, Rs.
18.97 crores and Rs. 5.25 crores on a turnover of Rs. 46.82 crores, Rs. 60.52
crores & 41.03 crores for the assessment years
Amd India Private Limited, Bengaluru vs Acit, Circle-1(1)(1), Bangalore on 26 June
M/S Infosys Limited , Bangalore vs Assistant Commissioner Of Income Tax ... on 31 January, 2023
Shri Shankarlal Vishwakarma, vs Asst. Commissioner Of Income Tax, on 27 January, 2023
IN THE
Pratik Agarwal Beneficiary Trust , ... vs Acit, C.C.-3(1), , Kolkata on 14 July, 2023
Normura Research Institure Financial ... vs Acit,Circle-2(2), Kol, Kolkata on 9 February, 2023
