turnover of Rs. 57,46,108/- (PBP-17) which
comes to 7.29% of the turnover and in this year the Royalty expenses was paid ... turnover of Rs.1,36,58,824/- which comes to 12.08% of
turnover i.e. the increase in royalty expenses at 4.79% from the last
increase
the sales, margin of GP has slightly decreased in as much as the
turnover is roughly doubled. Thus, there is full justification ... increase the
sales, margin of GP has slightly decreased in as much as the turnover is
roughly doubled . The assessee did not submitted details
reasons beyond the appellant's control, assessee's
turnover has also decreased by approx. 859.74 crore leading to slight decrease
year was 10.98% of the turnover, in the
impugned assessment year it has increased to 38.70% of the
turnover. He also found that major portion ... learned
Commissioner (Appeals) observed, though, there is decrease in sales
4
Amersey Exports Pvt. Ltd.
turnover compared to the preceding assessment year, however, there
paid as lumpsum, therefore the same can
increase or decrease on the basis of turnover.
5
6.3 I find that various decisions relied
2005 in his second remand report.The assessee further argued that
turnover computed by the AO was erroneous,that the figures reflected in the achievement ... part of the turnover
for those years.The AO estimated sales adopting a particular formula( i.e.20% increase or
decrease in the sales figures
increase of turnover and manufacturing activities as
against job work charges and due to flood gross profit has marginally
decreased. However, ld. Assessing Officer ... ignored some important facts which needs consideration in
adjudicating this issue:-
(1) Turnover of the assessee has more than doubled in Asst. Year
under: -
Comparative statement of gross profit and net profit ratios
Income Turnover 2008 2007 2006 2005 2004
Rs. Rs. Rs. Rs. Rs.
Sales ... Income/Decrease in stock
products, even the sale
price decreased in comparison to the preceding year. Moreover, the
appellant's turnover increased from 11.60 crores
assessee also filed
the comparative statement showing increase / decrease in gross profit / loss and
percentage increase / decrease in gross profit / loss ... term of percentage of expenditure and turnover. The learned Counsel
for the assessee stated in the relevant year the percentage of expenditure is at
minus
