financial year. During A.Y. 2008-09, the assessee himself has
turnover of Rs. 9,57,56,350/- and paid a commission ... turnover of Rs. 8,91,83,854/-
commission of Rs. 67,82,463/- had been paid, therefore, while the
turnover was decreasing year to year
compared to 2
preceding years, there is also a substantial decrease in turnover as compared
to the immediately preceding year
consonance with increase in turnover for current year, it was
submitted that increase in the turnover may result in increase in GP in absolute
terms ... turnover, it results in decrease in GP %, due
to decrease in the margins, in order to achieve higher turnover. It was
submitted that reason
would be proper to take GP rate at 27% as the turnover has
decreased [almost 20%) because it is trite law that with increase ... rate @ 27% for the reason that there was a decrease
in the turnover without providing opportunity to the assessee in
contravention of the provisions
Harbans Lal Sethi, Jaipur vs Addl. Cit, Kota on 30 May, 2017
vk;dj vihyh
under these economic
conditions and background, there is a drop in the turnover of the assessee
as well as the GP. On the contrary, there ... compared to 2 preceding years, there is also a substantial decrease in
turnover as compared to the immediately preceding year. He held that
there
Ward 4(2), Jaipur vs. Bharat Metal Fabricators.
turnover has decreased as compare to the previous year, he restricted the
disallowance out of labour expenses ... looked at the labour cost as a percentage of turnover
which has declined from 11.18% to 6.06% during the year under consideration
and has restricted
price. Moreover with
respect to 43.27% of the turnover, no reasons have been
given for decrease in GP rate as compared to last year ... turnover. For
the balance part of the turnover where reasons have been
given, it is not possible to quantify the decrease in gross
profit
immediately preceding year. On a turnover of
more than 109 crores, this marginal decrease in my opinion is
insignificant and could be due to various ... then it
should also not be concerned with a minor decrease in the same
especially when, as in this case
rate of 6.76% on turnover of Rs 114,52,126 which is better than G.P rate of
6.06% on turnover ... trend which is emerging is that though the turnover of the
appellant has decreased during the year, it is able to report
