achieved turnover of Rs.736 lacs as against 200 lacs in the
earlier year. Therefore, there was increase of almost 268% in the
turnover ... thereafter noted that the
turnover of the assessee has increased by more than 3.5 times and
increased turnover would normally result in increase in over
rate
was prejudicially decrease in the present year but the turnover has increased
and therefore, the same was rightly accepted by the CIT(A). Hence
material price and decrease in sale price due to tough competition.
Further, he submitted that looking to the volume of turnover, the activity
of ready ... Profit was due to increase in the cost of raw-
material and decrease in sale realization. We find that the AO did not
give
observing that though
the turnover of the business has decreased from Rs.126.61 crores in
assessment year 2002-03 to Rs.106.38 crores
this year
although the turnover of assessee has increased by 1.7 times but the average job
charges decreased to Rs 5.25 per meter as against ... production mix. Though the turnover of the assessee has increased by
1.7 times, but the average job charges decreased to Rs.5.25 per meter
paid to customers for shortage
claims from export turnover, we find that this issue is covered in favour of
the assessee by the Tribunal decision ... increases the cost of the export, but it does not
decrease the export turnover. Hence, respectfully following the decision of
the Tribunal cited supra
year was much higher. The marginal decrease in gross
profit rate was due to increase in turnover by almost 50% over the
last year. This ... year is much higher. The marginal decrease in
G. P. rate is due to increase in turnover by almost 50% over
the last year. Therefore
lakhs as compared to immediately
preceding year's turnover at Rs. 1,113.84 lakhs and gross profit at Rs.323.05
lakhs ... evidences such drastic decrease in
the gross result of the company. Firstly, the assessee submitted as under:
"Asst Year Turnover Gross Profit Net Margin
year under
consideration the gross turnover of the assessee has been reduced to Rs. 629.82
lacs compared to gross turnover of 863.12 lacs to preceding ... ACIT .
Asst.Year - 2013-14
20.73 lacs in spite of decrease in the turnover of the asssessee. Therefore, the
assessing officer has asked the assesse
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
