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page 7 of the assessment order that the total turnover cannot decrease due to decrease in the booking rate. This is quite illogical

high as compared to earlier years despite the fact that the turnover has decreased in comparison to earlier years and accordingly book results were rejected ... were called for with regard to disproportionate expenses as compared with the turnover/sales. It was further submitted that the AO only proposed to disallow

simply stated that the G.P. ratio is decreased due to decline in sales turnover and increase in purchase cost of raw material

turnover has increased from Rs.7.43 crores to Rs.11.15 crores which could be achieved only a competitive rates thereby decreasing ... addition, I agree with the appellant that the increase of turnover is due to non-disclosure of work-in-progress and no other major defects

fall in G.P. compare to last year due to turnover. The Turnover is increased from the last year. Further In diamond imports/ exports business ... this business, day by day increasing in cost of rough diamonds and decreasing in cost of polished diamonds comparatively, volatile forex market, money crisis

said addition by 3% of the turnover and has finally affirmed the addition of 2% of turnover being Rs.22,51,893/- which is really ... observed that the assessee's GP margin has decreased from 40.26% to 39.19%. He also noticed that the assessee has not maintained quantitative details

Aditya Medisales Limited,, Baroda vs Department Of Income Tax on 2 February, 2011 IN THE

Shree Vignahar Rice Mill, Navsari vs Department Of Income Tax on 24 August, 2011 IN

turnover during the year is Rs.11.58 crore and gross profit of Rs.1.23 crore showing G.P. @10.64%. The turnover ... increased slightly as stated by the A.O. but colour & chemicals decreased 3 ITA no.3439/Ahd/2008 substantially. The appellant has stated that

current year it was Rs.62.46 lacs. This has decreased the GP in the current year. The Ld. CIT (A)'s findings ... sister concern and the fact that there is a huge fall in turnover from Rs.19 crores to Rs.12 cores which remains unexplained