material cost
and decrease in total turnover. It is true that the turnover has decreased
by about 24% and there was increase in the price ... reference was due to decrease in turnover for the year under
reference. The turnover of the assessee firm decreased from
Harbans Lal Sethi, Jaipur vs Addl. Cit, Kota on 30 May, 2017
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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
sales rate of the assessee was higher which resulted
to substantial decrease in sales of the assessee in AY 2009-10.
When the assessee lower ... Jaipur wherein
the GP of this firm 15.30% on declared turnover of Rs.
11,77,70,683/- was accepted. The copy of assessment order
assessment year under consideration though there was
an increase in the turnover but the gross profit had declined substantially
which was accepted ... assessment proceedings without inquiring into the
factors which could have impacted the decrease on the rate of gross profit and
net profit as compared
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
appellant has explained that the tender rate of the
transformers has decreased from Rs. 40,881/- per transformer ... stated that it has not declined to the same extent as the decrease
in its selling price. Both the appellant and the Assessing officer
have
Chudhary & Brothers, Jaipur vs Acit, Jaipur on 30 June, 2017
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S.R. Protiens Pvt. Ltd, Jaipur vs Dcit, Jaipur on 31 May, 2017
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