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about 2.48% on a turnover of about Rs. 18 crore and in the relevant year the turnover has decreased to about Rs. 7.5 crores

Ward 4(2), Jaipur vs. Bharat Metal Fabricators. turnover has decreased as compare to the previous year, he restricted the disallowance out of labour expenses ... looked at the labour cost as a percentage of turnover which has declined from 11.18% to 6.06% during the year under consideration and has restricted

price. Moreover with respect to 43.27% of the turnover, no reasons have been given for decrease in GP rate as compared to last year ... turnover. For the balance part of the turnover where reasons have been given, it is not possible to quantify the decrease in gross profit

rate of 6.76% on turnover of Rs 114,52,126 which is better than G.P rate of 6.06% on turnover ... trend which is emerging is that though the turnover of the appellant has decreased during the year, it is able to report

linked with the sales and with every increase / decrease in the sale, such expenditure also increase / decrease e.g. Transportation, Hamali Wages ... there can`t be any situation where despite there being huge turnover around Rs. 30 crore yet however, not a single penny on account

Circle- 3 Jaipur . 2.11 As regards the GP rate application on regular turnover, hat the assessee is maintaining all the books of accounts including cash ... JCIT (OSD), Central Circle- 3 Jaipur . knowledge that increase turnover is achieved with decrease in margin of profit. Hence the GP rate

estimated the profit @ 11.5% on the turnover of Rs. 16.84 crore. The Hon'ble Bench has also considered its order ... Assessee has claimed that with the increase of turnover, profit rate is decreased. For 5 ITA 54 & 164/JP/2013_ Choudhary & Brothers

ACIT change which not only resulted in decrease in the turnover by 15% but also resulted into shrinking of the margins. Therefore, he prayed

turnover of Rs. 15,31,53,579/- which is an extremely large percentage. (iii) No reasons have been given for decrease in freight receipts this

Consequently, the (exempted) profit of the EOU unit would decrease and the profit of the DTA unit in Mumbai would increase ... submitted that the assessee has proposed NP rate on turnover of Rs. 27,64,85,664/- and the ld Assessing Officer has applied the same