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               Assessment       Turnover (Rs)          GP ((Rs.)         GP Ratio (%)
                   Year
                  2015-16          32559436             9143849               28.08
                  2016-17          29659704             9178525               30.95
                  2017-18          39304217            11077344               28.18

As per above particulars, it is evident that the GP rate in the assessment year under appeal is better than the assessment year 2015-16. But, the GP rate in the year under assessment is decreased by 2.77% in comparison to the immediately preceding year, whereas, the turnover of the appellant has Ratan Kumar Yadav, Jaipur.

types of perishable food items and GP rate on such items varies. There is no straightaway formula to work out universal GP rate on all items and the over all GP depends upon composition of different items sold by the assessee. The ld. A/R has further stated that the AO compared the GP rate of this year with GP rate of immediately preceding year whereas he was required to consider GP rate for assessment year 2015-16 and as per the details submitted the average GP rate for three years viz. 2015-16, 16-17 and 17-18 works out to 29.07%. He has also submitted that the turnover of the assessee has recorded an increase of over 33% in comparison to immediately preceding year and it is a known fact of every trade that slight decrease in GP rate is attributable to the increased turnover. Therefore, the AO has only considered one side of the trading account ignoring the other main side turnover. In support of his contention he has further relied on the following case laws :