license suspension period.
Further, during the A. Y., the turnover of the Appellant Company
also decreased substantially from
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
clear that the assessee's turnover is continuously
going down. The closing stock is also decreasing in the year 2006-07 and there
chart of sales given above shows that there was
rather decrease in the turnover. Shri Gaurav Shyam became a partner
which is slightly decreased
from previous year net profit of Rs. 5,14,19,208/- on total turnover of Rs.
89,71,37,753/- showing
3736/Del/2023
• As per the submissions of the assessee, the turnover growth of his
business is driven by over the counter cash sales ... assesse has shown
a decrease in gross profit ratio from 26.32% in FY 15-16 over a turnover
income from rent has not decreased but there are chances of its increase in case the turnover of the Jain Glass Works (P.) Ltd., goes ... income from rent is not decreased but there are chances of its increase in case the turnover of the General Glass Works Pvt. Ltd., Firozabad
with
independent auditor's report. The turnover of the assessee excluding other
income and increase/decrease in stock, for the year under consideration ... bank statements were already made available and are again being furnished.
The turnover of the assessee in the year under consideration
account.
The AO observed that while the decrease in the turnover was
18.82%, the gross profit has fallen down to 46.69% which is
not justifiable
year
under reference is on higher side whereas total turnover has been
decreased to 90% from last year. (Last year turnover