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Rajkumar Singhania , Howrah vs Ito, Ward - 48(3), Kolkata , Kolkata on 31 October, 2018 IN

sale gradually, but the profit ratio against the said sale comes gradual decreased. During the survey action, the statement of the assessee was recorded ... noted that the assessee for the year under consideration has shown gross turnover of Rs.5,92,33,435/- and gross profit/turnover ratio

INCOME Sales & Service 13 181981555.55 Other Income 14 41872.13 Increase/(Decrease) in stock 15 -1929373.50 180094054.18 EXPENDITURE Diesel Expenses 16 238810132.62 Purchase of Trading ... evident from the agreement. The assessee through this factory has made turnover of ₹18,90,81,555/- as evident from, the audited profit and loss

undisclosed income on account of increase in partner's capital and decrease in sundry creditors and other liabilities. Aggrieved by the said order ... circumstances of the case. He also submitted that the AO considered the turnover as reflected in the TDS certificate but did not allow any expenses