showing its turnover
almost static which is evident from the chart given below:
ITA No.1131/Ahd/2011-2
3
A.Y. Turnover ... substantiating documents. It is further seen that, even
though the turnover has decreased as compared to immediately preceding
assessment year, i.e. A.Y.2006
been able to explain
as to why the sales price has decreased. The turnover in A.Ys.2005-06,
2006-07 and in the current ... considering the overall fall in GP rate and the fact that decrease in sale
price is totally unexplained, the addition made
turnover is only 60% of
the last year. In the last year the turnover was Rs.16.72 crores whereas the
turnover in the current ... increased 3.5 times as
compared to last year, whereas the turnover has decrease to 60% of the last
year.
3.3.2 In view of this reason
fall in the turnover by Rs.3.11 crores
which was a decrease of 42.52%,
5.1 Instead of appreciating the facts of the case ... fact a decrease in the expenses during
the year; but she failed to take into consideration the decrease in
the turnover as we!!. She repeatedly
2007
(b) The ratio of labour charges to total receipt is decreased to
52.99% from 58.88% compared to the preceding previous year.
(c) Regarding ... increase in gross profit ratio. However,
this is because of decrease in turnover (from
comparison with earlier assessment year, but
such decrease is mainly due to decrease in turnover of the appellant company.
The appellant has not proved that
high as compared to
earlier years despite the fact that the turnover has decreased in
comparison to earlier years and accordingly book results were
rejected ... were called for with regard to
disproportionate expenses as compared with the turnover/sales. It
was further submitted that the AO only proposed to disallow
year under consideration
gross loss is shown at 28.27% of the turnover whereas in the immediately
preceding year, GP was shown at 13.64%. Thus, there ... sought to explain the fall on the ground that the
turnover has substantially decreased this year. Last year the turnover
observed that besides decrease in the turnover m comparison to the last year, the telephone expenses have been increased tremendously After verifying the details
only but not taken any order.
Our R.K. Traders had shown turnover about 1.76 lakhs we have also filed audit
report and statement ... Traders in which we have shown all the
turnover which was above 1.76 lakhs.
2.2 Decreased in Gross Profit ratio:
As per our trading account
