Ajay C.Panchal, Ahmedabad vs Assessee on 19 October, 2011
simply stated that the G.P. ratio is decreased due to decline in sales
turnover and increase in purchase cost of raw material
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1 - 4 of 4 (0.31 seconds)Vrundavan Ceramics Pvt. Ltd.,, vs Assessee on 19 July, 2011
that this is an
admitted fact that there is a suppression of turnover. Therefore, that
itself is sufficient reason for rejection of books of account ... books of account, the
admitted facts are that there is suppression of turnover. We find that
this sole reason is sufficient for rejection of books
Itd Cementation India Ltd, Mumbai vs Assessee on 3 October, 2011
losses/profits would have the counter effect of
the increase or decrease in the overheads and hence cannot be taken
as a base for determining ... with reference to the total
consumption of raw materials vis-à-vis turnover varies to a great
extent. Such an observation
Sanjay Palia, Pipariya vs Assessee on 21 November, 2011
reasonable compared to earlier years and there is three times
increase in turnover from Rs. 1.65 crores to Rs. 4.52 crores. It
was also submitted ... conclusion, we are
reproducing hereunder the profit rate of earlier years :-
Turnover N.P. Before NP after NP Ratio
Depreciation Depreciation depreciation after
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