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showing net profit & turnover. Refer Annexure-1 " 3. It is not disputed and challenged that the respondent-assessee was engaged in supplying computer ... assessment order states that there was exponential increase in the turnover from Rs.34.36 crore in the last year to Rs.53.43 crore

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

Pr.Commissioner Of Income Tax vs Montage Enterprises Pvt. Ltd. on 6 September, 2018 Author