turnover
of the appellant, cost of certain raw materials has gone up sharply
and average realisations from finished goods have decreased
between ... decline in
turnover and the cost of certain raw materials have gone up
sharply and the average realization from finished goods have
decreased between
year the appellant's turnover was Rs. 7.80 cr
with a G.P. rate of 6.41% as against turnover of 7.81 cr with ... these factors have
resulted in decrease in G.P. by Rs. 3801862/- which is
equivalent to 6.08/- of the turnover. This is depicted
assessee has shown gross loss of Rs.3,84,90s/- on
turnover of Rs. 97,00,9007- giving a negative G.P. rate ... Particular AY 2005-06 AY 2006-07 AY 2007-08
s
1 Turnover 1046512 4110820 9700908
2 Gross 233660 321520 -384905
Profit
decreased from 22.60% of
the immediately preceding assessment year to 14.39% during the relevant
period, and the AO has added only 2% of the turnover
Ge India Industrial (P) Ltd.,, New Delhi vs Assessee on 17 May, 2013
IN THE
Sabic Innovative Plastics India ... vs Assessee on 8 May, 2013
ITA No. 142/Ahd / 2013
instead of increase
in the expenses, there should be decrease in the expenses. The assessee's
explanation was as under:
"Your honour ... sales were of
the order of Rs.73.47 lakhs, the turnover during the year has increased more
than 50% as compared to last year
