noticed that
there is substantial increase of expenses though the turnover has decreased.
Further, the AO noticed various discrepancies in the audit report accompanying ... below and submitted that during the year under consideration there was
decrease in turnover and increase in salary & wages and the explanation thereof
lump sum, therefore,
the same can increase or decrease on the basis of
turnover.
5.1 In view of the above discussion, I agree with ... lump sum, therefore,
the same can increase or decrease on the basis of
turnover.
5.1 In view of the above discussion, I agree with
page 7 of the
assessment order that the total turnover cannot decrease due to
decrease in the booking rate. This is quite illogical
proof for coupons given to its staff and there was substantial
decrease in turnover also for the impugned assessment year when
compared to immediately preceding
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
compared to last year's gross profit of 1.60% on a turnover
of Rs.873.41 lakhs. The Ld. AR of the appellant though ... last year. It is well established that with the increase of turnover, profit decreases.
Thus, A,O's decision of application of last year
Percentage increase is 138.
(ii) Decrease in turnover over the preceding year's : Rs.1,94,80,818/- percentage
decrease is 11.7
(iii) Number ... produced for
verification.
(vi) Decrease in freight receipt over the preceding year's : Rs.1,62,558/- percentage
decrease is 2.9.
On analysis
total revenue for that year, as
follows:-
F.Y. Amount (Rs.) Turnover ... such, also for the reason that the turnover of the assessee company had
decreased in comparison to the earlier year
chart of sales given above shows that there was
rather decrease in the turnover. Shri Gaurav Shyam became a partner
simply stated that the G.P. ratio is decreased due to decline in sales
turnover and increase in purchase cost of raw material
