assessee has declared following trading results in the
earlier years.
A.Y Turnover Gross Profit GP Rate ... increase in turnover
6
has been achieved by reducing the sale rate of goods sold and margin of
profits thereon. Small decrease
from its investments in
developing the value of a trademark from its turnover and
market share where it has a long-term contract of sole
distribution ... additional return from
the owner of the trademark, perhaps through a decrease in the
purchase price of the product or a reduction in royalty rate
Ramesh Kumar Dudani, Mohali vs Assessee on 10 July, 2015
1
IN THE INCOME TAX
Smart Value Product And Services Ltd., ... vs Department Of Income Tax on 28 October, 2015
Bajaj Travels, Chandigarh vs Department Of Income Tax on 7 October, 2015
IN THE INCOME
preceding
year. When the turnover of an entity increases to such
an extent, the net profit cannot be expected to rise in the
same proportion ... contention of the assessee that there were some plausible
reasons for decrease in GP rate shown by the assessee
from pre-survey to post-survey
