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this A.Y. he has shown the GP of 12.57% on decreased turnover of Rs. 39,45,037/-. It is a generally accepted principle that

rate chart submitted by the appellant, it is seen that the turnover has decreased from Rs. 3,53,30,516/- in the immediately preceding assessment ... merely using her estimations and observing that since the turnover has decreased the profit was required to be increased. He also submitted that

that the said amount also included sums forming part of the turnover on account of providing accommodation entries. Now, that radically changed the complexion ... determined the commission to be 1.5% on the said total turnover; the ITAT decreased it. Nonetheless, the important fact is that the determination

rate has decreased from 22.45% in the previous assessment year to 13.89% during this assessment year. However, the turnover has increased from Rs. 1.64 crores

that the turnover has increased from 48307984 to 83991597. 4 ITA NO. 380/Del/2012 However, the gross profit ratio has decreased from

explained that fall in gross profit was attributed to the increase in turnover from Rs. 6.40 crores to Rs. 9.57 crores. Hence, the gross profit ... year which was earned on a meager turnover of Rs. 1.04 crores whereas in this year the turnover has increased from Rs. 1.04 crores

2011_ ITO Vs Smt. Manju Devi G.P. has decreased from 11.65% to 4.07% in the current year. However, he failed to appreciate the significant ... business and also involved only part of such period. Moreover, the turnover in the current year has risen to 9.09 crores in compare

that out of 11 comparable companies chosen by the TPO, the turnover of Infosys Ltd., L&T, Mindtree Ltd., Persistent Systems Ltd., Sasken Communication ... assessee with the following observations:- "10.65 Turnover Filter: The TPO had applied the turnover filter with Rs. 1 crore at the lower

higher side when compared to the turnover of the last year vis-à-vis turnover of the year under consideration which was drastically lower ... shown by the assessee in the P & L account as decrease in stock as noted by the A.O. himself, he presumed that

Sony Ericsson Mobile Communications ... vs Commissioner Of Income Tax ??? Iii on 16 March, 2015 Author