Profit was due to increase in the
cost of raw material and decrease in sale realization. We
find that the AO did not give ... there is increase in turnover, therefore the gross
profit ought to have been increased instead of
decreasing. We are of the view that such reasoning
defendant illegally decreased the
plaintiff's credit limited to Rs.1.5 lacs which resulted into a negative impact on
the turnover
from the year 2004-05 including the details of the
privilege fee, turnover and taxable income of the petitioner,
which is indicated in a Tabular ... clarity
and by comparison, the turnover of the petitioner. During the
period from 2004-05 to 2011-12, the turnover of the petitioner
has increased
falling drastically thereafter.
Meaning thereby, persons visiting Mumbai and lodging in hotels
decreased. With reference to occupancy in 5 star hotels such as Grand
Hyatt ... Renaissance, Inter
Continental Grand and Taj Lands End, he brought out the decrease in
occupancy; and hence the revenue. With reference to the balance sheet
prevailing
confusion among the petroleum dealers. Once the price decreased on 16-02-
07 and brought at par with price ... paid as per Section 4 of the Act on the taxable
turnover. Taxable turnover is to be computed as per Section 5 r/w Section
prevailing confusion
among the petroleum dealers. Once the price decreased
on 16-02-07 and brought at par with price ... paid as per Section 4 of the Act on
the taxable turnover. Taxable turnover is to be
computed as per Section 5 r/w Section
Union Of India & Ors vs M/S. Cipla Ltd. & Anr on 21 October
The Board Of Trustees Of The Port Of ... vs Afcons Infrastructure Limited on 23 December
Smt. B. Narasamma vs Dy.Commr.Commercial Taxes Karnataka ... on 11 August, 2016
Equivalent citations
J.K.Lakshmi Cement Ltd vs Commercial Tax Officer,Pali on 16 September, 2016
Equivalent
