income. In case
of low turnover, net profit margin is higher. However, when business volume or
turnover increases profit margins record reduction because in such ... charging less net profit margins. When volume or
turnover progressively increases then net profit rate decreases. This is an universally
known commercial truth
Finolex Cables Ltd.,, Pimpri vs Assessee on 11 January, 2012
IN THE INCOME TAX APPELLATE
31st March, 2003.
3. In case of Nodules the Material Consumption has
decreased to 21.14% for the year ended 31st
March 2005 from ... case of Nodules Division
as compared to Chiller Division.
5. The total turnover in case of Chillers has increased
from Rs.211.46 Lacs
Comparative G.P chart of
three years are as under:
A.Y. Turnover Gross Profit GP rate ... sale price of
the major items where sale realisation has been decreased
and purchase price has increase in comparison to last year.
He further stated
that time will have any relevance to the turnover reported for the previous
year in which the sale took place or not is the puzzle ... should be
the value recorded in the books and any increase or decrease in exchange
fluctuation on the bill amount is only a subsequent event
2009
11.25% of these expenses i.e. in .the ratio of the turnover of Unit-
IV withdrawn from Unit-111 are allocated to Unit ... Sales
2. Increase / Decrease Stock (10,709,117) -' (10,769,117) (5,485,820
3. Other income
Comparative G.P chart of
three years are as under:
A.Y. Turnover Gross Profit GP rate ... sale price of
the major items where sale realisation has been decreased
and purchase price has increase in comparison to last year.
He further stated
ratio with respect to the turn over of
the assessee
A.Y. Turnover GP margin NP margin ... over as well as gross profit margin and net profit margin has
decreased substantially during the year under consideration, the assessee
was asked to furnish
depreciation should not be allocated on the basis of turnover. Reply
was furnished by the assessee but the A.O. was not satisfied ... over basis and in this manner, the profit of 10A units
was decreased from
Ref: Case No. 01/2011 (Airlines) Main ... vs . Sail Civil Appeal No. 7779 Of 2010
