justification of increase in this expense was found
acceptable while the turnover was decreased.
21.2 Submission made by Ld. Counsel for the assessee ... expenses incurred by the assessee
during the year even though the turnover has
decreased, but the increase in price is beyond the
23
Anant Steel
Officer noted
that the turnover of the assessee has increased, but the gross profit rate
and net profit rate has decreased. The assessee was asked ... profit rate of 8% may not be applied
on the total turnover. Consequently, the show cause notice stated that an
addition
Shri Manoj Kumar Johari, Sikar vs Assistant Commissioner Of Income Tax, ... on 12 March, 2021
Shri Mohan Lal Bargoti, Jaipur vs Assistant Commissioner Of Income Tax, ... on 30 July, 2021
Sheo Shakti Coke Industries , Kolkata vs A.C.I.T.,Circle-37, Kolkata on 14
Magnanimous Infrastructure Pvt. Ltd, ... vs Ito, Circle-2(1)(2), Ahmedabad on 15 September, 2021
