ITANo.742/Ind/2018
Sanee Infrastructure Pvt. Ltd
percentage of decrease in turnover is not in consonance with the
percentage of decrease in cost ... minimum required enquiry was towards examining decrease
in turnover and the increase in cost of material consumption. The
details of sales made in the preceding
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
Factor for
2011 -12 2008 - 09 to Increase /
2010-11 decrease in Net
Profit
Turnover net of Excise ... cost
% over Turnover 13.64% 13.35% 0.29%
Other Expenses 523,418,909 359,513,497
% over Turnover 17.72% 16.29% 1.43%
Total decrease in Net Profit
shows that the turnover of the
company has increased by more than 10%
whereas expenses incurred under these heads has
decreased by more than ... these are revenue: expenses, then with the
increase in turnover the same should also
increase/decrease proportionately not
irrationally.
5.6 In view of the above
Circle- 3 Jaipur
.
2.11 As regards the GP rate application on regular turnover, hat the
assessee is maintaining all the books of accounts including cash ... JCIT (OSD), Central Circle- 3 Jaipur
.
knowledge that increase turnover is achieved with decrease
in margin of profit. Hence the GP rate
moisture in the material per unit production
decreased. In all the other months the consumption of unit are normally
ranging within ... preceding year despite of around 20% increase in turnover. In
other words, there is just marginal decrease in GP rate. Also, if trading addition
allowed. He
further stated that there is a decrease in the production and turnover
and therefore the Assessee by taking training had no business
benefit
financial cost which
increased from 4.91% of Turnover in A.Y. 2011-12 to
5.91% of Turnover in A.Y. 2012-13. The Long Term ... Fall in GP Ratio 3.08%
4.25%
Less: Decrease in Depreciation (-)0.04%
Less: Decrease in Other Expenses (-)0.25%
Net Profit Ratio
company have decreased by 69%. But, fact remains
that the annual report of the company is available in public domain
and its turnover has marginally ... change in financial results and the
industrial sales of the company has decreased by 69%, when
compared to previous financial year. The Ld. DRP further
appellant
has though decreased during the year but it is to be noted that the sales turnover
has increased substantially. In the given circumstances
