margin business increases, then the overall profitability
decreases and vice versa.
g) The amount of turnover during the year under consideration is
highest in comparison
assessee firm and
estimation of GP rate @25% of the turnover is purely on the basis of surmises and conjectures
and therefore should ... various reasons such as increase in the cost of
raw material, decrease in the market price of finished product, increase in the cost
of processing
Chopra Agencies, Phagwara vs Assessee on 11 June, 2013
1
I.T.A. No. 105
M/S. Chirag Marbles Pvt. Ltd. , ... vs Department Of Income Tax on 31 May, 2013
