arguments of the
counsel for the appellant. The turnover of the
appellant during the previous year was R.8.89
crores ... fuel expenses were Rs.8,23,723/-.
This year, the turnover has decreased
substantially to 2.26 cores whereas the fuel
expenses have gone upto
years
the percentage of wages to turnover has been from 2.59% to 5% depending on the
total turnover. It is seen that in accounting year ... turnover of 5.28 crores which shows that in spite of
a huge increase in turnover the wages have actually decreased compared to the
last
rate for the AYs. 2001-02 and
2002-03 ) on the turnover of the post survey period. Inter alia, the AO relied
upon decision dated ... compared to the other three concerns while in BP Textiles ,there was
decrease. GP rate in BP Textiles for the whole year was 17.97%.Admittedly
Davaria Brothers, Surat vs Department Of Income Tax on 14 September, 2006
IN THE INCOME
