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earlier years has come down, which is evident from drastic decrease in turnover. Therefore, the argument of the assessee that the bonus is paid

profit but not the denominator, i.e., the turnover because the corresponding turnover was factored in the computation of the operating margins of the earlier ... Haier Appliances India P. Ltd. v. ACIT turnover of which is not the part of the turnover of the present year cannot be considered

license suspension period. Further, during the A. Y., the turnover of the Appellant Company also decreased substantially from

license suspension period. Further, during the A. Y., the turnover of the Appellant Company also decreased substantially from

MUKESH KUMAR, Ludhiana 9 AY Turnover (Rs.) Cash Sales (Rs.) % Cash Sales Cash Deposited % Cash Deposit (Rs.) wrt Turnover ... evident that the percentage of cash sales to total turnover of the assessee has decreased in A.Y. 2017-18 compared to the previous year

profit stood at Rs.7,19,928/-, being 0.99% of turnover. Thus, while the turnover had increased by more than Rs.86 lakhs, the gross ... average rate of sale had consistently decreased, notwithstanding the higher turnover in terms of volume. 4.5 In support of the above submissions, the learned

3736/Del/2023 • As per the submissions of the assessee, the turnover growth of his business is driven by over the counter cash sales ... assesse has shown a decrease in gross profit ratio from 26.32% in FY 15-16 over a turnover

Profit/Net Profit rate of the turnover of Rs.35.10 crore can be applied to the turnover of Rs.355.82 crore considering ... Retail Vs. Wholesale and other commodity transactions where the profits decrease as the turnover increases. The huge difference in the turnover of current vs. Preceding

commission expenses when in fact, the total decrease in sales is attribution to reduction in export turnover only whereas, the domestic sales within India

same. The assessee is engaged in silk saree trading and achieved turnover of Rs.1,66,79,636/-. The AO, in an arbitrary manner, accepted ... very next AY there is a decrease in the sales turnover and consequently, the cash deposit would also be less in comparison to the subject