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observed that the turnover for the year under consideration has increased from the previous years, however the GP rate has decreased from the preceding previous ... further submitted that in normal circumstances GP rate is inversely related to turnover, i.e. increase in turnover usually results in lower GP rate

appellant .The AO has claimed that there has been sharp decrease in the Net profit of the business concern vis a vis previous year ... allowed accepted all the expenses due which there has been sharp decrease in the net profit. AO has accepted the Online Expenses and Rental expenses

Rakesh Vaid, New Delhi vs Ito Ward - 62(2), New Delhi on 8 April, 2022

Dcit, New Delhi vs Sh. Anil Mahajan, New Delhi on 30 September, 2022 IN THE