figure of unaccounted turnover. Learned A. R. further submitted that figure
in the audited account for recorded turnover was supported by VAT returns
also ... Officer had applied a gross profit
rate of 3.7% on the unaccounted turnover which he calculated at
Rs.1,18,69,27,609/- The said
meet with any
success. DRP noted that though there was a
57% decrease in the sales of the assessee
when compared with its sales ... strongly
assailing the orders of authorities below
submitted that its turnover had fell from
Rs.36.51 crores to 15.7 crores when
Date of Judgment
DPIL had projected
turnover of Rs.2197.60 Crores for the year 2012 whereas
the actual turnover was Rs.1267.60 Crores only ... achieved a turnover of
Rs.1740.38 Crores as on 31.03.2012, which was less by
Rs.457.22 Crores from the projected turnover figure
exempt
unit, on assumptions and surmises by referring to difference in turnover,
expenses and net profit rate of exempt and non-exempt units. This cannot ... book results cannot be rejected only on the
ground of decrease or difference in gross profit rate compared to other years
or another assessee. Neither
DPIL had projected
turnover of Rs.2197.60 Crores for the year 2012 whereas
the actual turnover was Rs.1267.60 Crores only ... achieved a turnover of
Rs.1740.38 Crores as on 31.03.2012, which was less by
Rs.457.22 Crores from the projected turnover figure
excluding export turnover amounting to
Rs.81,39,65,243/- in respect of export oriented unit (EOU) from export turnover of
the appellant while calculating ... facts while confirming the
decision of assessing officer for decreasing profits exempted under section 10B of
the EOU's in as much
excluding export turnover amounting to
Rs.81,39,65,243/- in respect of export oriented unit (EOU) from export turnover of
the appellant while calculating ... facts while confirming the
decision of assessing officer for decreasing profits exempted under section 10B of
the EOU's in as much
excluding export turnover amounting to
Rs.81,39,65,243/- in respect of export oriented unit (EOU) from export turnover of
the appellant while calculating ... facts while confirming the
decision of assessing officer for decreasing profits exempted under section 10B of
the EOU's in as much
applying the g.p. rate of 22% on the turnover of
7 ITA 76/JP/2018_
M/s Pawan Enterprises Vs ACIT ... fact the
turnover of the assessee has increased substantially and overall gross
profit of the assessee has also increased. The turnover of the assessee
applying the g.p.
rate of 22% on the turnover of Rs. 17,94,82,618/- as against g.p. rate of
19.43% shown ... Department. The ld.AR of the assessee also submitted the
reason of decrease in percentage of G.P. is increase of input cost in
comparison
