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annual report, the company experienced losses due to decrease in turnover, provision for doubtful debts and change in accounting procedures. Further, as per the annual

margin business increases, then the overall profitability decreases and vice versa. g) The amount of turnover during the year under consideration is highest in comparison

assessee. Moreover, the turnover of the assessee in the said case was Rs.33.10 crores while the turnover of the assessee in the present ... rate of 4% on the ground that when the turnover increases, GP rate decreases. Having regard to all these facts, we are of the view

turnover of the appellant, cost of certain raw materials has gone up sharply and average realisations from finished goods have decreased between ... decline in turnover and the cost of certain raw materials have gone up sharply and the average realization from finished goods have decreased between

Wipro Ltd. The learned Counsel pointed out that the segmental turnover of Infosys was at Rs.156,48,00,00,000/- and that of Wipro ... risk taking capabilities in cases of high turnover companies, which increase the margins with rise in turnover. However, in the 6 Tribunal decisions cited

basis of turnover. Reliance has been placed on some decisions of the Tribunal in support of the plea for applying turnover filter for selection ... risk taking capabilities in cases of high turnover companies, which increase the margins with rise in turnover. However, in the Tribunal decisions cited, no detailed

year the appellant's turnover was Rs. 7.80 cr with a G.P. rate of 6.41% as against turnover of 7.81 cr with ... these factors have resulted in decrease in G.P. by Rs. 3801862/- which is equivalent to 6.08/- of the turnover. This is depicted

exports/ turnover is falling over the years. This means that the exports of the company are stagnant in the different years though the turnover ... follows:- 8 Capacity Utilization Year Plant Installed Actual Utilization % Capacity Production (%) Increase/decrease from previous year 2005-06 Nasik

assessee has shown gross loss of Rs.3,84,90s/- on turnover of Rs. 97,00,9007- giving a negative G.P. rate ... Particular AY 2005-06 AY 2006-07 AY 2007-08 s 1 Turnover 1046512 4110820 9700908 2 Gross 233660 321520 -384905 Profit

constraint to provide for such substantial credits especially considering that the total turnover was only Rs.1.76 crores, the assessee was required to justify ... prevalent market rates. Further that the said company had a total turnover of Rs.26.24 crores out of which there were debtors outstanding