ITANo.742/Ind/2018
Sanee Infrastructure Pvt. Ltd
percentage of decrease in turnover is not in consonance with the
percentage of decrease in cost ... minimum required enquiry was towards examining decrease
in turnover and the increase in cost of material consumption. The
details of sales made in the preceding
Factor for
2011 -12 2008 - 09 to Increase /
2010-11 decrease in Net
Profit
Turnover net of Excise ... cost
% over Turnover 13.64% 13.35% 0.29%
Other Expenses 523,418,909 359,513,497
% over Turnover 17.72% 16.29% 1.43%
Total decrease in Net Profit
shows that the turnover of the
company has increased by more than 10%
whereas expenses incurred under these heads has
decreased by more than ... these are revenue: expenses, then with the
increase in turnover the same should also
increase/decrease proportionately not
irrationally.
5.6 In view of the above
financial cost which
increased from 4.91% of Turnover in A.Y. 2011-12 to
5.91% of Turnover in A.Y. 2012-13. The Long Term ... Fall in GP Ratio 3.08%
4.25%
Less: Decrease in Depreciation (-)0.04%
Less: Decrease in Other Expenses (-)0.25%
Net Profit Ratio
arises how to determine the profit element. For
this purpose, the total turnover and percentage
of gross profit for the earlier three years was
obtained ... gross profit rate was also decreasing every year
and in the year under consideration it has
decreased to 3%. It is also an established fact
