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simply stated that the G.P. ratio is decreased due to decline in sales turnover and increase in purchase cost of raw material

indicated that the net profit of assessee was decreased from .23% of total turnover to .13% in this year due to increase in this expense

that this is an admitted fact that there is a suppression of turnover. Therefore, that itself is sufficient reason for rejection of books of account ... books of account, the admitted facts are that there is suppression of turnover. We find that this sole reason is sufficient for rejection of books

account of sale of scrap @ 0.2% of the turnover. This aspect we have already dealt with while dealing with the appeal for the year ... because of rice in turnover, without producing any material that profit margin on sales had decreased during the year. Though, there is no evidence regarding

turnover has increased from Rs.7.43 crores to Rs.11.15 crores which could be achieved only a competitive rates thereby decreasing ... addition, I agree with the appellant that the increase of turnover is due to non-disclosure of work-in-progress and no other major defects

claimed that the expenses have decreased this year in comparison to the preceding years but without given comparative turnover figure of earlier years. The appellant

scrap has been ordered to be excluded from the total I turnover of the assessee for computation of deduction under Section '80HHC ... scrap will not be included in the profit of the business, thus, decreasing the deduction under Section 80HHC as the numerator shall be reduced

fall in G.P. compare to last year due to turnover. The Turnover is increased from the last year. Further In diamond imports/ exports business ... this business, day by day increasing in cost of rough diamonds and decreasing in cost of polished diamonds comparatively, volatile forex market, money crisis

year as the Directors gained experience in this line of business. The turnover of the assessee company also kept on increasing year after year. From ... gross profit from 10.3 % to 14.99 % showing that the direct expenses decreased from year to year. No major discrepancy was noted by the Assessing Officer

regarded as part of total turnover but not as part of export turnover while working out deduction u/s.80HHC ... reduce the 'increase in cost of imports' or 'decrease in receipts of export proceeds' in view of fluctuation. Each forward contract