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this A.Y. he has shown the GP of 12.57% on decreased turnover of Rs. 39,45,037/-. It is a generally accepted principle that

rate chart submitted by the appellant, it is seen that the turnover has decreased from Rs. 3,53,30,516/- in the immediately preceding assessment ... merely using her estimations and observing that since the turnover has decreased the profit was required to be increased. He also submitted that

financial year. During A.Y. 2008-09, the assessee himself has turnover of Rs. 9,57,56,350/- and paid a commission ... turnover of Rs. 8,91,83,854/- commission of Rs. 67,82,463/- had been paid, therefore, while the turnover was decreasing year to year

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

certificate of the machinery was provided to the AO. There was decrease in turnover from 2.19 crores to 1. 48 crores which further suggested that

material price and decrease in sale price due to tough competition. Further, he submitted that looking to the volume of turnover, the activity of ready ... Profit was due to increase in the cost of raw- material and decrease in sale realization. We find that the AO did not give

expenses cannot have an element of turnover. He also emphasized that for a receipt to be called as turnover, there should be an element ... assessee in either of the units to either decrease the total turnover or increase the profits of the business, thereby discharging the claim for deduction

clear that the assessee's turnover is continuously going down. The closing stock is also decreasing in the year 2006-07 and there

admitted a net income of Rs.14,44,347 at 0.29% of turnover. However, the net profit admitted ... theao, if there is increase in the turnover in the subsequent year, the ratio of profit would decrease. With the introduction of new plant

phase of this company either in terms of turnover or operating profit margin. Whereas its turnover for the financial year 2004-05 stood ... fact, in sync with the increase and decrease of the assessee's turnover and profitability in the earlier two years