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this A.Y. he has shown the GP of 12.57% on decreased turnover of Rs. 39,45,037/-. It is a generally accepted principle that

rate chart submitted by the appellant, it is seen that the turnover has decreased from Rs. 3,53,30,516/- in the immediately preceding assessment ... merely using her estimations and observing that since the turnover has decreased the profit was required to be increased. He also submitted that

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

Gross Turnover 650.28 598.49 525.45 412.14 Expenses as % of Gross Turnover Percentage ( % ) Payment to and Provisions for Employees 6.66 6.58 6.42 10.30 Travelling, Conveyance ... These figures demonstrate that the expenses on Employees cost has shown decrease from 10.30% in year 2005-06 (i.e. the year in which outsourcing

rate has decreased from 22.45% in the previous assessment year to 13.89% during this assessment year. However, the turnover has increased from Rs. 1.64 crores

explained that fall in gross profit was attributed to the increase in turnover from Rs. 6.40 crores to Rs. 9.57 crores. Hence, the gross profit ... year which was earned on a meager turnover of Rs. 1.04 crores whereas in this year the turnover has increased from Rs. 1.04 crores

2011_ ITO Vs Smt. Manju Devi G.P. has decreased from 11.65% to 4.07% in the current year. However, he failed to appreciate the significant ... business and also involved only part of such period. Moreover, the turnover in the current year has risen to 9.09 crores in compare

total turnover @ 9.55% as shown in the last previous year. Thus the AO made trading addition of Rs. 97,99,900/- on turnover ... observed that gross profit rate of the assessee has decreased from 9.55% in the last year to 5.73% and accordingly enhanced the gross profit rate

rejected as low G.P. was due to increase in turnover and for the stock valuation, it was stated that books have been audited ... pointed out various defects in the books of accounts viz. decrease in gross profit rate as compared to earlier years associated with non-maintenance

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