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that it is offering to tax is very low. Further, the turnover has decreased by more than 5 times from

turnover, therefore, no addition can be made without any adverse material / evidence available on record. It is further submitted that assessee's turnover ... fact that due to worldwide recession the price had fallen coupled with decrease in the exchange rate of US Dollars which has also affected

observed that the turnover for the year under consideration has increased from the previous years, however the GP rate has decreased from the preceding previous ... further submitted that in normal circumstances GP rate is inversely related to turnover, i.e. increase in turnover usually results in lower GP rate

last year. In appellate proceedings AR has not filed proper justification for decrease in G.P. rate to 4.64% however I find that GP rate ... higher side, GP rate of 20% of declared turnover is applied. Assessee gets resultant relief. This ground of appeal is partly allowed." Ground

Increase in turnover in period 09/11 to 30/12- Financial Year Period Total Turnover ... turnover for the period 9-11 to 30-12 was Rs. 24,10,695 as against Rs. 29,93,487/-. At the outset, we submit

decided to enter in domestic market in addition and started doing small turnover to domestic customers also. Initially it received good response from domestic market ... turnover for Rs 210.37 Lakh and 428.60 Lakh plus export turnover of Rs. 1497.62 Lakh and 1550.87 Lakh respectively and covered downfall in export turnover

assessee submitted that the assessee had declared a turnover of Rs.21,26,644/- on which the N.P. Rate of 11.80% has been declared ... Rate of 13.14% in the immediately preceding year. This slight decrease in the profit rate was due to growing competition in the field

Chambal Fertilisers And Chemicals ... vs Dcit, Kota on 13 May, 2022 vk;dj vihyh; vf

M/S Bhivaram Pannalal Kumawat, Jaipur vs Acit, Central Circle-3, Jaipur on 29 March

Acit Central Circle-1 , Jaipur vs Mahendra Kumar Agarwal, Jaipur on 22 November, 2022 vk