ratio of the appellant company has decreased as
compared to average of preceding three financial
years. The said decrease in GP and NP rate ... Turnover 1,020,152,679 73,94,89,024
% of financial charges over net turnover 5.48% 3.64%
% increase in financial charges 1.84%
Report
Vedanta Ltd (Earlier Known As Sterlite ... vs Acit, Circle- 26(1), New Delhi on 9
herewith. Practically, the first Financial Year is 2008-09, wherein
there is turnover of Rs. 5,19,33,745/-. During this Financial Year, the
assessee ... secured loan is from Syndicate Bank, CC Account and WCDL
(Working Capital Decreasing Limit) meaning thereby that this loan
totality of facts 15%
gross profit rate if applied on the turnover of the gold jewellery items will
meet the ends of justice for estimation ... been declared. The rate of silver per kg has not
increased or decreased drastically. From the information available on
internet the rate of silver
shown was for sales
only and he has ignored the increase/decrease in the closing stock
of semi-finished and finished-goods while arriving ... preceding year. Thus,
there was substantial fall i.e. 30% in the turnover in the year
ITA No.3340/Ahd/2014 with CO
5
under
Proportion of total contract value recognized as turnover as per
AS 7 (Revised) on Construction Contracts ... balance sheet effect. In this view, expense recognition is simultaneous
with a decrease in an asset or an increase in a liability.
In such
reduced to Rs.1,98,03,725/-
which is 3.22% of total turnover. The average gross profit ratio of last 3 years with ... Fashion Pvt. Ltd.
ITA No.2180/Kol/2016
Assessment Year:2013-14
turnover is 6%. Therefore, the assessee has reduced its gross profit ratio
