page 7 of the
assessment order that the total turnover cannot decrease due to
decrease in the booking rate. This is quite illogical
which is substantial increase in the
turnover. Mere decrease in GP cannot be a ground for rejection
of books of accounts.
3.3 With regard
verge of closure of business and its turnover had decreased
from Rs. 601.03 Lacs in Financial Year 2005-06 to Rs. 65.46 Lacs in
Financial
filed the details of the Turnover from A.Y.2015-16 to
2018-19 along with the turnover made during the festival season of Dasara ... Therefore, the
ld.AR contended that the very decrease in turnover on year on year basis itself
shows that there is no bogus sales
previous years'
appellate order without ignoring the increase or decrease in turnover of
assessee company each year. The said addition was without taking care
Ward 4(2), Jaipur vs. Bharat Metal Fabricators.
turnover has decreased as compare to the previous year, he restricted the
disallowance out of labour expenses ... looked at the labour cost as a percentage of turnover
which has declined from 11.18% to 6.06% during the year under consideration
and has restricted
showing its turnover
almost static which is evident from the chart given below:
ITA No.1131/Ahd/2011-2
3
A.Y. Turnover ... substantiating documents. It is further seen that, even
though the turnover has decreased as compared to immediately preceding
assessment year, i.e. A.Y.2006
furnish any justification of these
expenses whereas the turnover of the assessee had decreased in comparison to
the last year. The AR during arguments before ... obstructed for a long
time, therefore, there was a decrease in the turnover of the assessee in
comparison to the previous year and the cause
services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group ... services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group
Further, inclusion of turnover of Koramangala unit in
total turnover will decrease the deduction u/s. 80 HHC. Effect of both
these factors will decrease