increase of turnover and manufacturing activities as
against job work charges and due to flood gross profit has marginally
decreased. However, ld. Assessing Officer ... ignored some important facts which needs consideration in
adjudicating this issue:-
(1) Turnover of the assessee has more than doubled in Asst. Year
assessee is
of 25.55%. There is an increase in sales turnover also. Thus, the assessee was
able to carry out its business more scientifically ... Jain
Asst.Year - 2011-12
-5-
of 20%, rather it goes on decreasing. In the Asstt.Year 2010-11, it was given
at the rate
report - Annexure -I, Part-A, clearly shows that the Gross Profit is decreased
by 3.15% compared to the immediate preceding year. If the said debit ... Annexure - I, Part-A, during the year assessee has shown total turnover of
Rs.72,00,347/- and G.P. shown
Elitecore Technologies Private ... vs Dy.Cit, Circle-2(1)(1) , Ahmedabad on 31 March, 2017
Shri Kamlesh J. Jhaveri, Ahmedabad vs The Income Tax Officer,Ward 10(1), ... on 25
Sagar Foods, Mahuva vs Income Tax Officer, Bhavnagar on 22 February, 2017
IN THE INCOME
from Rs. 1,96,057/- to Rs. 5,75,513/-.
3. Refund decrease from Rs. 3,86,943/- to Rs.7,487/- (after
considering ... assessee had borrowed funds for its share trading activities.
He had substantial turnover in derivative segment and throughout the
year funds were used for derivative
The Acit, Central Circle-2(4),, ... vs M/S. Anand Infrastructure Pvt. Ltd.,, ... on 20
