material cost
and decrease in total turnover. It is true that the turnover has decreased
by about 24% and there was increase in the price ... reference was due to decrease in turnover for the year under
reference. The turnover of the assessee firm decreased from
ground that the increase in salary is
manyfold, but there is decrease in turnover during the year. On appeal the Ld.
CIT (Appeals) deleted ... during this year when compared to the last year, however, there is
decrease in profits. He also observed that there was no explanation from
purposes of the business but the resultant increase in the turnover is insignificant,
we do not see any such provision in the income ... questioned allowance of
these expenditure on the basis of increase or decrease in turnover or on rendition of
services. In nutshell for assessment year
Harbans Lal Sethi, Jaipur vs Addl. Cit, Kota on 30 May, 2017
vk;dj vihyh
books of accounts maintained by
assessee. He submitted that turnover has decreased but
carriage expenses has increased. Ld. DR further submitted
that there
immediately preceding year. On a turnover of
more than 109 crores, this marginal decrease in my opinion is
insignificant and could be due to various ... then it
should also not be concerned with a minor decrease in the same
especially when, as in this case
assessee in the
earlier years and whether the turnover has increased or decreased?
and what are the profits shown by persons in the same line
facts are that the
Assessing Officer found that the turnover of the assessee has decreased
from ... substantial increase of expenses in the face of drastic fall of
turnover. The assessee failed to furnish bills and vouchers in support of
the expenses
year under consideration, the
turnover of the appellant company has significantly increased,
as a result overhead expenses per unit were decreased. The
detail
specify the reason of less profit this year although turnover
went up substantially as compare to last year.
2 ITA No. 1768/Del/2016 ... Assessing Officer observed that
even while the turnover has gone up the profit had declined and the decreasing
profit was mainly due to abnormal increase
