The Dcit, Circle 8,, Ahmedabad vs Spx Flow Technology (India) Pvt. Ltd. ... on 12 December
account of GP addition. The ld. DR submitted that
assessee is having turnover of Rs.1,88,02,279/- during the year
under appeal ... submitted that as the GP rate shown by the
assessee has drastically decreased from 15.15% to 10.10% it was
necessary for the Assessing Officer
Lahar Trading & Inv. Pvt. Ltd.,, ... vs Department Of Income Tax on 8 February, 2012
Anjalee Exim Pvt.Ltd., Ahmedabad vs Assessee on 29 September, 2015
I.T.A. No
rate for the AYs. 2001-02 and
2002-03 ) on the turnover of the post survey period. Inter alia, the AO relied
upon decision dated ... compared to the other three concerns while in BP Textiles ,there was
decrease. GP rate in BP Textiles for the whole year was 17.97%.Admittedly
Naval Technoplast Ind.Ltd.,, ... vs Department Of Income Tax on 18 January, 2007
IN THE
with the help of Canton Chem Inc. The assessee
achieved export sales turnover of `.4.27 crores as against `.2.03
crores in earlier year. The increase ... Chem Inc. was an Associate concern of the
assessee. When sale was decreasing which was `.1,08,72,730/- in
the year under appeal
available on record the
net GP ratio is applied to the total turnover as against the GP ratio as declared by
the assessee ... applying GP rate of 3% on Rs.3,62,73,876/-
total turnover of Rs.1,20,91,29,205/-
GP shown by the assessee
Sagar Drugs & Pharmaceuticals Pvt. ... vs Assessee
-1-
IN THE INCOME TAX APPELLATE TRIBUNAL
AHMEDABAD
appellant as under:-
Particulars Rupees Rupees
Sales 10,01,89,638
Less: Decrease in inventory ... Further, the appellant had the total turnover of
Rs.24,81,46,689/- including share trading turnover of Rs.10,01,89,638/-. Thus