bench will kindly appreciate that there is no difference
between the turnover as per RVAT returns/assessment order and the books of
accounts ... assessee as per his books of accounts duly tallies with the turnover assessed
by the VAT authorities of state Govt.
8. That as regards adverse
argued that the increase in
expenses corresponded with a significant increase in turnover from
Rs.2.30 crores to Rs.3.87 crores (an increase ... fluctuate due to various
factors. The assessee demonstrated that vehicle expenses had decreased
from Rs. 3.29 lakhs to Rs. 3.27 lakhs, which contradicts
ground that the expenses are excessive in comparison to
total turnover of the assessee. The Ld. Counsel for the assessee
referring to page ... account of various reasons. The sales of the
assessee decreased to Rs.43,60,03,387/- from Rs.61,88,25,792/-
from the previous
ground that the expenses are excessive in comparison to
total turnover of the assessee. The Ld. Counsel for the assessee
referring to page ... account of various reasons. The sales of the
assessee decreased to Rs.43,60,03,387/- from Rs.61,88,25,792/-
from the previous
ground that the expenses are excessive in comparison to
total turnover of the assessee. The Ld. Counsel for the assessee
referring to page ... account of various reasons. The sales of the
assessee decreased to Rs.43,60,03,387/- from Rs.61,88,25,792/-
from the previous
well as diamond jewllery and thus the contention that the
sales decreased in subsequent year cannot be accepted. Besides, it
is also seen from ... that the assessee firm
has achieved sales turnover of Rs.19,29,59,989/- despite there
being strike in jewellery business during this year which
increased by 33% and if we compare the percentage of increase in
turnover, the total expenditure is also proportionately increased.
Further, there is an error ... expenditure and the increase in administrative
expenditure is proportionate to increase in turnover. From the
above, it is very clear that there is no abnormal
During the year under
consideration the assessec firm has declared total turnover of Rs.24 Cr.
approx and 3.40% GP as against 3.40% GP rate ... immediately preceding year. The assessee was asked to explain the
reason for decreasing side of GP. In compliance the assessee firm
stated that
considered still there is a vast difference
in the ratio of turnover and commission paid to the party. In view of the
above as assessee ... failed to justify the excess commission paid as compared
to the turnover. The working of disallowance of commission
from the earlier year has increased from 11% to almost 32% despite
decrease in the sale by almost 50%. Prior to this year, the appellant ... finding regarding abnormal increase in net
profit inspite of reduction in sales/turnover during the year under consideration. We
6
therefore
