compared to 2
preceding years, there is also a substantial decrease in turnover as compared
to the immediately preceding year
herewith. Practically, the first Financial Year is 2008-09, wherein
there is turnover of Rs. 5,19,33,745/-. During this Financial Year, the
assessee ... secured loan is from Syndicate Bank, CC Account and WCDL
(Working Capital Decreasing Limit) meaning thereby that this loan
Punjab Hide Company, Amritsar vs Income Tax Officer Ward 3 (3), Amritsar on 25 February
Parveen Kumar, Sonepat vs Ito, Ward- 3, Panipat on 16 January, 2019
IN THE INCOME
Acit, New Delhi vs Shri Ramit Vohra, New Delhi on 19 September, 2019
FIT FOR
reduced to Rs.1,98,03,725/-
which is 3.22% of total turnover. The average gross profit ratio of last 3 years with ... Fashion Pvt. Ltd.
ITA No.2180/Kol/2016
Assessment Year:2013-14
turnover is 6%. Therefore, the assessee has reduced its gross profit ratio