fall in the turnover by Rs.3.11 crores
which was a decrease of 42.52%,
5.1 Instead of appreciating the facts of the case ... fact a decrease in the expenses during
the year; but she failed to take into consideration the decrease in
the turnover as we!!. She repeatedly
Comparative G.P chart of
three years are as under:
A.Y. Turnover Gross Profit GP rate ... sale price of
the major items where sale realisation has been decreased
and purchase price has increase in comparison to last year.
He further stated
assessee alongwith other
documentary evidence, the AO again doubted on the decreasing N.P. rate in
the case of the assessee and asked various questions ... finally held that in the case of the assessee under
consideration, the turnover is much more than Rs.40 lacs. The N.P. rate
assessee alongwith other
documentary evidence, the AO again doubted on the decreasing N.P. rate in
the case of the assessee and asked various questions ... finally held that in the case of the assessee under
consideration, the turnover is much more than Rs.40 lacs. The N.P. rate
