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despite the steep decrease in turnover of the assessee. Accordingly, he disallowed the difference of Rs 61,15,842/- ( 20051950 - 13936108) in the assessment

Hero Motocorp Ltd., New Delhi vs Dcit, Circle- 11(1), New Delhi on 23 April

stiff competition , hence no increase in margin on turnover, hence there is decrease in the Gross Profit margin." 6.8. We have considered rival contentions ... conducted by revenue on 24.02.2009. We have observed that despite increase in turnover, the assessee is consistently showing a low GP ratio over years

only but not taken any order. Our R.K. Traders had shown turnover about 1.76 lakhs we have also filed audit report and statement ... Traders in which we have shown all the turnover which was above 1.76 lakhs. 2.2 Decreased in Gross Profit ratio: As per our trading account

year. Looking to the 250 times increase in the turnover, we found that the marginal decrease in the G.P. is reasonable

M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April

ratio of the appellant company has decreased as compared to average of preceding three financial years. The said decrease in GP and NP rate ... Turnover 1,020,152,679 73,94,89,024 % of financial charges over net turnover 5.48% 3.64% % increase in financial charges 1.84% Report

directed the Assessing Officer to apply NPR to 5.5% on the total turnover of Rs. 1,50,61,240/-. 7. Now the assessee ... authorities below and submitted that the decrease in NPR was due to the increase in the turnover and this fact has not been appreciated

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

calculated on the basis of turnover achieved. In the year under appeal, the turnover of the company has decreased by Rs.2.32 Cr., whereas ... basis of fixed remuneration and variable remuneration at certain percentage of turnover. The appellant company has also submitted the services rendered by the directors