Consequently, the (exempted) profit of the EOU unit would
decrease and the profit of the DTA unit in Mumbai would
increase ... submitted
that the assessee has proposed NP rate on turnover of Rs. 27,64,85,664/-
and the ld Assessing Officer has applied the same
decrease in the net profit rate as compared
to the preceding year are general in nature viz due to
increase in turnover, execution of work
that the
g.p. rate is continuously decreasing over the years and n.p. rate has
also decreased drastically. The assessee has not maintained ... applied g.p rate of 35% on turnover of Rs. 2,18,33,283/- resulting
into trading addition
ITAT at Pg 19, Pr. 3.9 w.r.t. the stock turnover
ratio of earlier years to ascertain the disclosed stock this
year, observed that ... chart prepared
by them computed increase of 5.34% in turnover as against
the correct 534%. This mistake has a direct and visible
impact
applying the G.P. rate @ 16% on the declared turnover.
2 ITA 956/JP/2016_
ITO Vs Pinkcity Packaging ... immediate
preceding year on turnover of Rs. 1,73,83,638/- to 6.45% on total
turnover of Rs. 4,92,80,641/- for the year
turnover
increase 3.5 times in this year compare to the last year. The Gross Profit
4 ITA 744/JP/2017_
Rajendra Goyal Vs ITO
decreased
estimated GP rate of 6% and
applied the same to the declared turnover of Rs. 13,38,63,166/- and
trading addition ... assessee has
submitted only the reasons for decrease in the GP rate as well as
comparative cases where G.P. rate was much lower
Prime Export vs. ITO, Jaipur .
assessee had achieved the increased turnover by reducing the sale price or
providing discount etc. The increase in cost ... fall in GP is on
account of decrease in export incentive during the year as compared to last
5
ITA No. 654/JP/2012
Chambal Fertilisers And Chemicals ... vs Dcit, Kota on 13 May, 2022
vk;dj vihyh; vf
total turnover of Rs. 5,01,11,809 as against GP rate of 15.67 per cent on a total turnover ... letter dt. 8th Jan., 2003 that due to such competition, margins are decreasing year after year and due to increasing competition buyers were
