actions. We find that the ld CITA had
categorically stated that the turnover and the direct expenses incurred by the assessee
8 ITA No.2318 ... consumption to the percentage of turnover had increased by 34.95% and direct
expenses had decreased by 0.89% in the year ended 31.3.2009 when compared
chart of sales given above shows that there was
rather decrease in the turnover. Shri Gaurav Shyam became a partner
huge amount of damage cannot
be allowed when the increase in the turnover is only marginal.
12. On this aspect the ld. CIT(A) observed ... transit is nothing to do with the increase or decrease in the turnover and
at the same time, it may not have any impact
estimated the profit @ 11.5% on the turnover of Rs.
16.84 crore. The Hon'ble Bench has also considered its
order ... Assessee has claimed that with
the increase of turnover, profit rate is decreased. For
5 ITA 54 & 164/JP/2013_
Choudhary & Brothers
ACIT
change which not only resulted in decrease in the turnover by 15% but
also resulted into shrinking of the margins. Therefore, he prayed
assessment order, the assessing officer
has picked up 4 cases where the turnover has ranged from Rs.8.13
crores to Rs.23.62 crores ... There is a
trend of decrease in G.P. as turnover goes up. Thus the fair
estimation of G.P. in the present case would
profit stood at Rs.7,19,928/-, being
0.99% of turnover.
Thus, while the turnover had increased by more than Rs.86 lakhs, the
gross ... average rate of
sale had consistently decreased, notwithstanding the higher turnover in
terms of volume.
4.5 In support of the above submissions, the learned
which is slightly decreased
from previous year net profit of Rs. 5,14,19,208/- on total turnover of Rs.
89,71,37,753/- showing
reasons beyond the appellant's control, assessee's
turnover has also decreased by approx. 859.74 crore leading to slight decrease
gone down only as a
percentage of the turnover which had increased, there was no decrease In
absolute terms. Without taking all these facts into
