range and rise rapidly, stays there for a while and then
decreases rapidly. This makes a bell shaped pattern. The A.O. on page ... financial credentials as the company
concerned has almost no fixed asset, no turnover, no profitability and do not pay
taxes. Hence, such companies were designed
then it rises rapidly, stays
there for a while and then it decreases more rapidly. Thus trade pattern
makes a bell shape.
..................
Apart from that ... share
movement pattern. Almost all the companies have no fixed asset, no
turnover, no profitability and they did not pay taxes. It shows that these
then it rises rapidly, stays there for a while and then it decreases more
rapidly. Thus trade pattern makes a bell shape. In support ... that all the companies have no fixed asset, no turnover, no profitability
and they did not pay taxes. So according to AO, it shows that
address offered by the
appellant-assessee. The AO noticed that the turnover of the assessee-company has
reduced considerably from Rs.36.24 crores ... these
expenses, as also submitted that through the value of sales had decreased the
quantity have in fact increased due to a change
gross profit margins. The appellant
also submitted a comparative chart of turnover and expenses for the year under
consideration and the immediately preceding year ... production and as a result there was decline in the turnover also. There was
decline in the consumption of the raw material as well. However
purpose of its business. The AO also noted that the turnover of
the assessee for the year under consideration had increased by about
6% only ... profit of the assessee for the year under
consideration was decreased to 1.27% as compared to 2.41%
declared in the preceding year. He accordingly treated
Puspa Devi Tikmani, Kolkata vs Ito, Ward - 28(4) , Kolkata on 20 September, 2019
आयकर
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