Franco-Indian Pharmaceuticals Pvt. Ltd. and since there was
decrease in turnover in the current financial year, the claim of expenditure incurred on
account
Authorised representative objected to same again by pointing to decreasing
proportion of transportation charges to turnover. This is rejected since the nature of
work, manner
gross profit margins. The appellant
also submitted a comparative chart of turnover and expenses for the year under
consideration and the immediately preceding year ... production and as a result there was decline in the turnover also. There was
decline in the consumption of the raw material as well. However
M/S. J. J. Exporters Ltd., Kolkata vs Dcit, Circle - 11(1), Kolkata, Kolkata on
Jcit, (Osd), Cir-4(1), Kolkata, ... vs M/S M. K. Shah Exports Ltd., Kolkata
Dcit, Cir-5, Kolkata, Kolkata vs M/S Essel Mining & Industries Ltd., ... on 21
Goodricke Group Limited, Kolkata vs Dcit, Cir-4(1), Kolkata, Kolkata on 14 March, 2018
Dcit, Cir-51, Kolkata, Kolkata vs M/S Agarpara Kutir Silpa Pratisthan, ... on 10 July
Rajkumar Singhania , Howrah vs Ito, Ward - 48(3), Kolkata , Kolkata on 31 October, 2018
IN
INCOME
Sales & Service 13 181981555.55
Other Income 14 41872.13
Increase/(Decrease) in stock 15 -1929373.50
180094054.18
EXPENDITURE
Diesel Expenses 16 238810132.62
Purchase of Trading ... evident from the agreement. The assessee through this factory has
made turnover of ₹18,90,81,555/- as evident from, the audited profit and loss
