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about 2.48% on a turnover of about Rs. 18 crore and in the relevant year the turnover has decreased to about Rs. 7.5 crores

price. Moreover with respect to 43.27% of the turnover, no reasons have been given for decrease in GP rate as compared to last year ... turnover. For the balance part of the turnover where reasons have been given, it is not possible to quantify the decrease in gross profit

linked with the sales and with every increase / decrease in the sale, such expenditure also increase / decrease e.g. Transportation, Hamali Wages ... there can`t be any situation where despite there being huge turnover around Rs. 30 crore yet however, not a single penny on account

actions. We find that the ld CITA had categorically stated that the turnover and the direct expenses incurred by the assessee 8 ITA No.2318 ... consumption to the percentage of turnover had increased by 34.95% and direct expenses had decreased by 0.89% in the year ended 31.3.2009 when compared

ACIT change which not only resulted in decrease in the turnover by 15% but also resulted into shrinking of the margins. Therefore, he prayed

estimated the profit @ 11.5% on the turnover of Rs. 16.84 crore. The Hon'ble Bench has also considered its order ... Assessee has claimed that with the increase of turnover, profit rate is decreased. For 5 ITA 54 & 164/JP/2013_ Choudhary & Brothers

assessee has submitted that the turnover of the assessee is Rs.86 Crores whereas the turnover of the Laxmi Machine Works Ltd. is Rs.1745 ... 7861/Mum/2011) and submitted that while considering the issue of turnover filter in case of ITES the Tribunal observed that the concept of economy

Assessing Officer further found that the turnover relevant to financial year 2009-10 increased 42% as compared to turnover in financial year 2006-07, whereas ... consumable stores increased only by 12% and electricity consumption decreased by 10% in the same period. The assessee made a detailed reply to the apprehension

from the year 2004-05 including the details of the privilege fee, turnover and taxable income of the petitioner, which is indicated in a Tabular ... clarity and by comparison, the turnover of the petitioner. During the period from 2004-05 to 2011-12, the turnover of the petitioner has increased

Consequently, the (exempted) profit of the EOU unit would decrease and the profit of the DTA unit in Mumbai would increase ... submitted that the assessee has proposed NP rate on turnover of Rs. 27,64,85,664/- and the ld Assessing Officer has applied the same