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
books of accounts maintained by
assessee. He submitted that turnover has decreased but
carriage expenses has increased. Ld. DR further submitted
that there
specify the reason of less profit this year although turnover
went up substantially as compare to last year.
2 ITA No. 1768/Del/2016 ... Assessing Officer observed that
even while the turnover has gone up the profit had declined and the decreasing
profit was mainly due to abnormal increase
paid as lumpsum, therefore the same can
increase or decrease on the basis of turnover.
5
6.3 I find that various decisions relied
Acit, New Delhi vs Sh. Ashok Mittal, New Delhi on 30 October, 2017
IN THE
M/S. Vireet Investment Pvt. Ltd., New ... vs Acit, New Delhi on 16 June, 2017
M/S. New Delhi Television Ltd., New ... vs Dcit, New Delhi on 14 July, 2017
Bg Exploration & Production India Ltd., ... vs Jcit, Dehradun on 24 April, 2017
B G
M/S Dabur India Ltd.,, Delhi vs Acit, New Delhi on 12 April, 2017
IN
Baxter India Pvt. Ltd., Gurgaon vs Acit, New Delhi on 24 August, 2017
IN THE
