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increase or short fall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group company which

MUKESH KUMAR, Ludhiana 9 AY Turnover (Rs.) Cash Sales (Rs.) % Cash Sales Cash Deposited % Cash Deposit (Rs.) wrt Turnover ... evident that the percentage of cash sales to total turnover of the assessee has decreased in A.Y. 2017-18 compared to the previous year

assessee, it has been claimed that export turnover of the assessee increased by 33%; that increase of turnover can be achieved by reducing margin ... written submission about decrease in US dollar or its any effect on the G.P.rate, the turnovers and GP rates of previous 2 years

year under assessment is decreased by 2.77% in comparison to the immediately preceding year, whereas, the turnover of the appellant has 5 ITA No. 1159 ... known fact of every trade that slight decrease in GP rate is attributable to the increased turnover. Therefore, the AO has only considered one side

that the allegation of Ld. AO that there is substantial decrease in the turnover and net profit of the company as against substantial increase

directed the Assessing Officer to apply NPR to 5.5% on the total turnover of Rs. 1,50,61,240/-. 7. Now the assessee ... authorities below and submitted that the decrease in NPR was due to the increase in the turnover and this fact has not been appreciated

lakhs as compared to immediately preceding year's turnover at Rs. 1,113.84 lakhs and gross profit at Rs.323.05 lakhs ... evidences such drastic decrease in the gross result of the company. Firstly, the assessee submitted as under: "Asst Year Turnover Gross Profit Net Margin

year under consideration the gross turnover of the assessee has been reduced to Rs. 629.82 lacs compared to gross turnover of 863.12 lacs to preceding ... ACIT . Asst.Year - 2013-14 20.73 lacs in spite of decrease in the turnover of the asssessee. Therefore, the assessing officer has asked the assesse

calculated on the basis of turnover achieved. In the year under appeal, the turnover of the company has decreased by Rs.2.32 Cr., whereas ... basis of fixed remuneration and variable remuneration at certain percentage of turnover. The appellant company has also submitted the services rendered by the directors

actions. We find that the ld CITA had categorically stated that the turnover and the direct expenses incurred by the assessee 8 ITA No.2318 ... consumption to the percentage of turnover had increased by 34.95% and direct expenses had decreased by 0.89% in the year ended 31.3.2009 when compared