material cost
and decrease in total turnover. It is true that the turnover has decreased
by about 24% and there was increase in the price ... reference was due to decrease in turnover for the year under
reference. The turnover of the assessee firm decreased from
Harbans Lal Sethi, Jaipur vs Addl. Cit, Kota on 30 May, 2017
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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
M/S. Tinna Finex Ltd., New Delhi vs Ito, New Delhi on 11 April, 2017
Dcit, Alwar vs British Health Products (I) Ltd., ... on 21 February, 2017
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M/S.Ballarpur Industries Ltd vs Commissioner Of ... on 1 August, 2017
Author: M.S
then the correct tax liability of the
assessee could be ascertained. Merely decreasing the
closing stock valuation by Rs.66.90 lakhs, the Revenue
cannot ... comparative low
difference between the two and in a period of rising
turnover and rising prices, such a system was apt to
diminish the assessment
Acit, Jaipur vs Nirmal Glasstech Industries, Jaipur on 21 April, 2017
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Vandana Jain, Jaipur vs Acit, Jaipur on 25 May, 2017
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Dcit, New Delhi vs M/S. Asian Sky Shop Ltd., New Delhi on 30 August
