observed that though the cash sales as compared to
the turnover were decreased from ... this case
that the ratio of cash sales to the turnover has decreased from 6.2% to 5.87%
which means there was no increase in cash
fact that
the assessee has suppressed sale details by showing decreased
turnover.
[2] On the facts and in the circumstances of the case ... facts that assessee has
suppressed sales as well as by showing decreased turnover. We
observe from the records that case of the assessee was reopened
compared to immediate previous assessment year whereas, the turnover of the
assessee decreased from Rs. 42.44 crore to 34.79 core. The AO also found that ... stock was shown
at Nil. The AO furthered found the turnover of the assessee decreased and similarly
the GP ratio of the assessee also decreased
failed to appreciate that the percentage of transportation expense to the
turnover has decreased by 1.50% as compared to the previous year.
4. The appellant
decreased by approximately 5.6% as compared to salary
expenses in FY 2011-12. As against the above decrease in salary cost. the turnover ... decreased by approximately 5.6% as compared
salary expenses in FY 2011-12. As against the above decrease in salary cost, the
turnover of the Appellant
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
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
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
which is substantial increase in the
turnover. Mere decrease in GP cannot be a ground for rejection
of books of accounts.
3.3 With regard
page 7 of the
assessment order that the total turnover cannot decrease due to
decrease in the booking rate. This is quite illogical
