Proportion of total contract value recognized as turnover as per
AS 7 (Revised) on Construction Contracts ... balance sheet effect. In this view, expense recognition is simultaneous
with a decrease in an asset or an increase in a liability.
In such
Nayan T. Shah, Mumbai vs Dcit Cir 23(3), Mumbai on 18 July, 2018
आयकर
M/S. Chirag Marbles Pvt. Ltd. , ... vs Department Of Income Tax on 31 May, 2013
current year it was Rs.62.46
lacs. This has decreased the GP in the current year.
The Ld. CIT (A)'s findings ... sister concern and the fact that there is a huge fall
in turnover from Rs.19 crores to Rs.12 cores which remains
unexplained
Seema Garg, Jaipur vs Department Of Income Tax on 17 July, 2015
vk;dj vihyh
Daniel Measurement Solutions Pvt. ... vs The Dy. Cit, Circle-1(1),, Vadodara on 4 January
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
account of GP addition. The ld. DR submitted that
assessee is having turnover of Rs.1,88,02,279/- during the year
under appeal ... submitted that as the GP rate shown by the
assessee has drastically decreased from 15.15% to 10.10% it was
necessary for the Assessing Officer
M.K.Enterprises, Jaipur vs Assessee on 6 November, 2015
vk;dj vihyh; vf/kdj
The Deputy Comissioner Of Income Tax, ... vs Smt. Gracy Kuthukmal Thomas,, Veraval on 1 March
