Indian Kanoon - Search engine for Indian Law

price. Moreover with respect to 43.27% of the turnover, no reasons have been given for decrease in GP rate as compared to last year ... turnover. For the balance part of the turnover where reasons have been given, it is not possible to quantify the decrease in gross profit

ACIT change which not only resulted in decrease in the turnover by 15% but also resulted into shrinking of the margins. Therefore, he prayed