Assessing Officer the
assessee has not given any reply for decrease in turnover.
9
According to Assessing Officer perusal of documents raise
following important issues ... filed before the
Assessing Officer. It was particularly explained that turnover
11
has decreased because there was some family dispute and out
of two units
admitted fact that there was a tremendous increase in the
turnover of the assessee which increased from Rs. 5 Crore in the earlier
year ... earlier year, the increase in
the turnover may be a reason for slight decrease in the gross profit rate.
In the present case, the Assessing
rate at 5% on the total turnover by
keeping in view that there was slight increase in the turnover of the
assessee. Now the assessee ... that the decrease in the net profit rate in
comparison to the preceding year was on account of increase in the
turnover. It was further
Anuj Kumar Varshney , Jaipur vs Assessee on 22 October, 2014
1
ITA 187/JP/2012
result Rs.65,04,574/- was paid. This has resulted in decrease in net
profit rate before depreciation and interest by 0.67%.
(ii) Rate ... both the parties and perused
the relevant material on record. The total turnover of assessee during the year
was more than 96 crores, on which
compared the turnover
in terms of rupees and not in terms of quantity. If the turnover is
ITA No.615/Ahd/2010 (By Assessee ... whereas the job receipt per meter has
decreased in the current year to Rs.39.16 per meter from Rs.42.80 per
meter
