than this year and this year there is decrease in
7 ITA No.724/Chny/2018
turnover. According to him, the CIT(A) as well
Sales have decreased by 79.52% in 2010-11 (3 months) when compared with the figures of 2009-10.Decrease in sales and increase in purchases ... Ratio remained almost same in all the period but stock turnover ratio decreased drastically in 2010-11 by 92.63% which means increase stock level
ground that the increase in salary is
manyfold, but there is decrease in turnover during the year. On appeal the Ld.
CIT (Appeals) deleted ... during this year when compared to the last year, however, there is
decrease in profits. He also observed that there was no explanation from
failed to appreciate that the percentage of transportation expense to the
turnover has decreased by 1.50% as compared to the previous year.
4. The appellant
Franco-Indian Pharmaceuticals Pvt. Ltd. and since there was
decrease in turnover in the current financial year, the claim of expenditure incurred on
account
purposes of the business but the resultant increase in the turnover is insignificant,
we do not see any such provision in the income ... questioned allowance of
these expenditure on the basis of increase or decrease in turnover or on rendition of
services. In nutshell for assessment year
immediately preceding assessment year. The AO found that the turnover has decreased but the generator running expenses have been increased. Keeping in view, these facts ... learned CIT(A) has given the reasoning that the turnover in this year has decreased in terms of money. But in our considered opinion, this
would be proper to take GP rate at 27% as the turnover has
decreased [almost 20%) because it is trite law that with increase ... rate @ 27% for the reason that there was a decrease
in the turnover without providing opportunity to the assessee in
contravention of the provisions
total turnover was Rs. 24.66
crores as compared to last year Rs. 18.67 crores. This shows
increase of around 40% in turnover and decrease
been confirmed solely on the ground that there is a decrease
in taxable turnover for the periods from 2020-21 and 2021-22 when
compared ... quantitative, which is squarely applicable to the
decrease in both taxable and exempted turnover, correct proportion of EB
unit for the production done could
