account.
The AO observed that while the decrease in the turnover was
18.82%, the gross profit has fallen down to 46.69% which is
not justifiable
duce d). Due to e ffo rt of directo rs turnove r has increased
year after ye ar but net profit has de cline ... contro l on othe r
expenses in te rms of percentage of turnover. T he comparative ratio
of GP and N P is shown below
Rakesh Vaid, New Delhi vs Ito Ward - 62(2), New Delhi on 8 April, 2022
Acit, New Delhi vs M/S. Lepro Herbals Pvt. Ltd., New Delhi on 18 January
Dcit, New Delhi vs Sh. Anil Mahajan, New Delhi on 30 September, 2022
IN THE
K L Concast Pvt. Ltd., New Delhi vs Acit, Circle- 14(2), New Delhi on
M/S. Mitsui & Co. Ltd., New Delhi vs Dcit (International Taxation), New ... on 4
Dcit, New Delhi vs M/S. Marubeni India Pvt. Ltd., New Delhi on 9 November
indicated by the
mother dairy from time to time and he may decrease the margin
as per shop to shop.
3. Amount available ... Dairy Fruit & Vegetable Pvt. Ltd.
5. The AO held that total turnover of the assessee works out to
Rs.3,19,09,663/- which