Shakti Cargo Movers Pvt.Ltd.,, Surat vs Department Of Income Tax on 20 October, 2011
page 7 of the
assessment order that the total turnover cannot decrease due to
decrease in the booking rate. This is quite illogical
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1 - 7 of 7 (0.26 seconds)Ajay C.Panchal, Ahmedabad vs Assessee on 19 October, 2011
simply stated that the G.P. ratio is decreased due to decline in sales
turnover and increase in purchase cost of raw material
Krishna Kumar Aggarwal, New Delhi vs Assessee on 25 February, 2011
account of sale of scrap @
0.2% of the turnover. This aspect we have already dealt
with while dealing with the appeal for the year ... because of
rice in turnover, without producing any material that profit
margin on sales had decreased during the year. Though,
there is no evidence regarding
Hansal Diam, Surat vs Department Of Income Tax on 13 December, 2011
fall in G.P. compare to last year
due to turnover. The Turnover is increased from the last year. Further
In diamond imports/ exports business ... this business, day by day increasing in cost of rough diamonds and
decreasing in cost of polished diamonds comparatively, volatile forex
market, money crisis
Itd Cementation India Ltd, Mumbai vs Assessee on 3 October, 2011
losses/profits would have the counter effect of
the increase or decrease in the overheads and hence cannot be taken
as a base for determining ... with reference to the total
consumption of raw materials vis-à-vis turnover varies to a great
extent. Such an observation
Shree Vignahar Rice Mill, Navsari vs Department Of Income Tax on 24 August, 2011
Shree Vignahar Rice Mill, Navsari vs Department Of Income Tax on 24 August, 2011
IN
Jay Vijay Prints Pvt.Ltd.,, Surat vs Assessee on 4 October, 2011
current year it was Rs.62.46
lacs. This has decreased the GP in the current year.
The Ld. CIT (A)'s findings ... sister concern and the fact that there is a huge fall
in turnover from Rs.19 crores to Rs.12 cores which remains
unexplained
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