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turnover is only 60% of the last year. In the last year the turnover was Rs.16.72 crores whereas the turnover in the current ... increased 3.5 times as compared to last year, whereas the turnover has decrease to 60% of the last year. 3.3.2 In view of this reason

locality, comparative profit rate of the assessee in respect of other years, turnover, etc. In this case, the Assessing Officer has not considered ... common knowledge that profit ratio will decrease automatically. In other words, the profit ratio will decrease when the turnover increases. By taking into consideration