goods for purposes of assessment is required to be increased or decreased is a question that relates directly and proximately to the value of goods ... belonged to M/s. Christine Hoden (I) Pvt. Ltd. and since the turnover of M/s. Christine Hoden (I) Pvt. Ltd., had crossed two crores
decrease. Therefore, increase in absolute terms does not give the entire
picture. It requires a deeper analysis. Furthermore, the yearly figures of turnover given
which his aforesaid gross turnover exceeds rupees one crore.
(4) No dealer shall realise from his purchaser the turnover tax payable by him under this ... nature described in Sub-section (2) being imposed, increased, decreased or remitted in respect of any goods after the making of any contract
Appellate Tribunal have no authority to add a new item to the turnover and include therein what was not before the assessing authority for that ... with their order. In the normal cases this would result in the decrease of the tax liability of the appellant. The second proviso
turnover. She stated that
in financial year 2020-21, the petitioner had itself projected a rise of more
than 77.85% in the turnover ... dated
31st July, 2020 to contend that there had been a drastic decrease in the profit
before tax as a percentage of Gross Revenue
from the evidence referred to above, we are unable to correlate his decrease in business to his injury. We have not been able to appreciate ... injury to the plaintiff's fore-arm is responsible for the decrease in his business. It appears to us that Ankola is a growing town
fail. The petitioners projected their case as if that 3% of the turnover of the concerned shop is fixed as the licence fee for every ... careful reading of the tender conditions, it is clear that the turnover for the month of October, 2017 is being taken for consideration for calculating
same is rejected by rejecting the explanation of the assessee for decrease in the gross profit rate disclosed in the books of account, has made ... adopting a higher gross profit rate on the turnover disclosed by the assessee. The Commissioner of Income-tax (Appeals) accepted the explanation furnished
expenditure, which becomes the liability and cannot be met with by the turnover achieved by a unit, the unit cannot be forced to continue ... detailed report by categorically opining that the production in the factory had decreased and the undertaking had been incurring heavy losses. The government has given
State Act defines "turnover" and Section 2(r) defines "taxable turnover" ascertainable after deduction therefrom the sale price and amount ... however, provides that in contracts of sale, amount of increased or decreased taxes can be added to or deducted from the contract price
