arguments of the
counsel for the appellant. The turnover of the
appellant during the previous year was R.8.89
crores ... fuel expenses were Rs.8,23,723/-.
This year, the turnover has decreased
substantially to 2.26 cores whereas the fuel
expenses have gone upto
under these economic
conditions and background, there is a drop in the turnover of the assessee
as well as the GP. On the contrary, there ... compared to 2 preceding years, there is also a substantial decrease in
turnover as compared to the immediately preceding year. He held that
there
fixed assets specially plant & machinery.
Despite this fact your turnover has decreased then what use has
been put to new assets. The said query
year under consideration despite the fact that the turnover of the
assessee has been decreased by'Rs.27,51,655/- [7.95] i.e. from ... said expenses is despite the fact
that the turnover has been decreased from Rs.3,46,11,057/- in
the last year
annual
report, the company experienced losses due to decrease in
turnover, provision for doubtful debts and change in accounting
procedures. Further, as per the annual
profit
has decreased by 1.87%, whereas the employee cost increased by
13.46 %. Despite steep decrease in turnover, with almost same
amount of overhead costs ... there is decrease in returned income for A.Y. 2013-14. The comparative table
containing assessment year, turnover, net profit, direct expenses like material
consumption
provided for
Commission rate in case of GSA agreements generally
decreases as the turnover increases This is because the cost
incurred by the agent does ... that the commission rate in case
of GSA agreements generally decreases when the turnover
increases and this is because the cost incurred by the agent
rupee in well
known.
b) During the year under reference, turnover has decreased by 15% due to decrease in
production/manufactured goods as under
Factor for
2011 -12 2008 - 09 to Increase /
2010-11 decrease in Net
Profit
Turnover net of Excise ... cost
% over Turnover 13.64% 13.35% 0.29%
Other Expenses 523,418,909 359,513,497
% over Turnover 17.72% 16.29% 1.43%
Total decrease in Net Profit
lump sum, therefore,
the same can increase or decrease on the basis of
turnover.
5.1 In view of the above discussion, I agree with ... lump sum, therefore,
the same can increase or decrease on the basis of
turnover.
5.1 In view of the above discussion, I agree with
