material price and decrease in sale price due to tough competition.
Further, he submitted that looking to the volume of turnover, the activity
of ready ... Profit was due to increase in the cost of raw-
material and decrease in sale realization. We find that the AO did not
give
ratio of the appellant company has decreased as
compared to average of preceding three financial
years. The said decrease in GP and NP rate ... Turnover 1,020,152,679 73,94,89,024
% of financial charges over net turnover 5.48% 3.64%
% increase in financial charges 1.84%
Report
M/S. Tinna Finex Ltd., New Delhi vs Ito, New Delhi on 11 April, 2017
M/S. Chirag Marbles Pvt. Ltd. , ... vs Department Of Income Tax on 31 May, 2013
should have considered
cumulative effect of all the factors which resulted in decrease in GP.
In other words, raw material prices have been increase ... that on non
furnishing of certain information net profit @ 2.31% of the
turnover, net of all expenses, was made after detailed
examination/verification
Dcit, New Delhi vs M/S. Asian Sky Shop Ltd., New Delhi on 30 August
