Indian Kanoon - Search engine for Indian Law

loss at Rs.39,10,774/-. The assessee on the total turnover of Rs. 10,36,80,512/- had shown Gross Profit ... leading to reduction in G.P. ratio. Due to sharp decrease in export turnover, there was decrease in overall profit margin. It was pointed

assessment was getting time barred. The A.O compared the turnover of the assessee in the preceding year vis-à- vis the expenditure like wages ... telephone, diesel expenses etc., from the point of view of increase or decrease in the said expenditure. So far as the disallowance of wages