account
of alleged reduction in net profit inspite of substantial
decreased turnover by invoking the provisions
years of the appellant shows that turnover in the current
year is similar to turnover in the assessment year 2009-10 and in that
year ... DCIT, Jaipur
similar turnover the N.P. was 2.30%. Further, the expenditure has
increased even when the turnover has decreased. The Authorized
Representative
assessment year 2001-02 was 0.56% of the domestic turnover but
decreased to 0.42% in the assessment year ... partly correct as the turnover is also reflected and forms part of the
corpus which is calculated @ 0.39% of the turnover. The vehicles sold
were
turnover on the basis of past records and the size of imports. As such it cannot be said that the assessment of the turnover ... cent on the first category of sales, but had decreased the turnover of this category. With regard to the second category of sales
that it is offering to tax is very low. Further, the turnover has
decreased by more than 5 times from
about 2.48% on a
turnover of about Rs. 18 crore and in the relevant year the turnover has
decreased to about Rs. 7.5 crores
turnover and declares
in GP. Naturally to increase the turnover the assessee had to forgo
some margins. Turnover, GP, along with increase and decrease ... table given below:-
AY Sales GP GP Rate Increase Decrease in
Turnover in GP Rate
Turnover
financial year. During A.Y. 2008-09, the assessee himself has
turnover of Rs. 9,57,56,350/- and paid a commission ... turnover of Rs. 8,91,83,854/-
commission of Rs. 67,82,463/- had been paid, therefore, while the
turnover was decreasing year to year
consonance with increase in turnover for current year, it was
submitted that increase in the turnover may result in increase in GP in absolute
terms ... turnover, it results in decrease in GP %, due
to decrease in the margins, in order to achieve higher turnover. It was
submitted that reason
compared to 2
preceding years, there is also a substantial decrease in turnover as compared
to the immediately preceding year