years of the appellant shows that turnover in the current
year is similar to turnover in the assessment year 2009-10 and in that
year ... DCIT, Jaipur
similar turnover the N.P. was 2.30%. Further, the expenditure has
increased even when the turnover has decreased. The Authorized
Representative
Sales have decreased by 79.52% in 2010-11 (3 months) when compared with the figures of 2009-10.Decrease in sales and increase in purchases ... Ratio remained almost same in all the period but stock turnover ratio decreased drastically in 2010-11 by 92.63% which means increase stock level
failed to appreciate that the percentage of transportation expense to the
turnover has decreased by 1.50% as compared to the previous year.
4. The appellant
Franco-Indian Pharmaceuticals Pvt. Ltd. and since there was
decrease in turnover in the current financial year, the claim of expenditure incurred on
account
would be proper to take GP rate at 27% as the turnover has
decreased [almost 20%) because it is trite law that with increase ... rate @ 27% for the reason that there was a decrease
in the turnover without providing opportunity to the assessee in
contravention of the provisions
year
decreased to Rs.51378.17 Lacs from Rs. 54119.34 Lacs shown in the immediate preceding
year. Considering the decrease in gross turnover, the corresponding
year
decreased to Rs.51378.17 Lacs from Rs. 54119.34 Lacs shown in the immediate preceding
year. Considering the decrease in gross turnover, the corresponding
guidelines stated. The qualification of annual turnover is arrived in formula basis and it will be increased or decreased according to the period of completion ... crore.
The calculation of annual turnover is increased when the period of completion is in shorter and decreased when the period of completion is longer
Ess Ismail Merchant, Mumbai vs Jt Cit 13(3), Mumbai on 21 February, 2018
IN
books of results and estimated the profit @ 8% of the
total turnover thereby making an addition of
Rs.3,95,09,726/- without allowing ... this decrease is normal on account of significant increase
3
Vimal Khurana Pro. M/s. Royal Enterprises
ITANo.1312/Ind/2016
in the turnover which
