survey
action in the year under consideration but the NP ratio has
decreased. The Appellant did not furnish any details of survey or
the statements ... income and its impact on Net profit
with respect to expenditure and turnover. Infact, it is a common
4
ITA No.102/GTY/2024
Lotus
rate has decreased from 22.45% in the previous
assessment year to 13.89% during this assessment year.
However, the turnover has increased from Rs. 1.64 crores
that the turnover has increased from 48307984 to 83991597.
4
ITA NO. 380/Del/2012
However, the gross profit ratio has decreased from
regard submitted
following chart showing the turnover/gross profit and GP ratio as under:-
Sl.No. Assessment Turnover (Rs.) Gross profit G.P. Ratio (%)
Year ... increase in turnover
from 4.57 crore in AY 2004-05 to 5.54 crore in AY 2005-06 prices have
been decreased to ensure sales
basis of turnover. Reliance
has been placed on some decisions of the Tribunal in support of the plea for
applying turnover filter for selection ... risk taking capabilities in cases of high
turnover companies, which increase the margins with rise in turnover.
However, in the Tribunal decisions cited, no detailed
various years is as under:-
AY Travelling & Turnover Expenditure as
Conveyance (Rs. in % of Turnover
Expenses (Rs. in crores)
crores ... evident that the amount of expenditure on
travelling and conveyance expenses has decreased since AY 2006-07
and continuously on downward trend. Therefore, considering
31st March, 2003.
3. In case of Nodules the Material Consumption has
decreased to 21.14% for the year ended 31st
March 2005 from ... case of Nodules Division
as compared to Chiller Division.
5. The total turnover in case of Chillers has increased
from Rs.211.46 Lacs
assessee has decreased
by 43.41% during demonetization period as compared to the said
period during the previous year 2015-16, whereas turnover has
increased
rate as applied by the CIT(A) at 5% of the turnover was
confirmed discarding the application of N.P. rate ... gross contract receipts invoking S.44Ad of the Act 'when the turnover
of the assessee had exceeded the Rs. 40 lakh limit prescribed
details have been
filed and during the year, manufacturing and sales have decreased but the
expenses on repairs to plant & machinery, building and others ... direct
correlation with the increase or decrease in sales and therefore, merely on
this basis that the turnover has gone down, the repairing expenses cannot
