years of the appellant shows that turnover in the current
year is similar to turnover in the assessment year 2009-10 and in that
year ... DCIT, Jaipur
similar turnover the N.P. was 2.30%. Further, the expenditure has
increased even when the turnover has decreased. The Authorized
Representative
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
there is a substantial increase in the
turnover of the assessee, therefore, merely there is a decrease in the GP rate does
not warrant ... decrease
in the GP from 1.08% to 0.92% is not so significant having regard to the three-fold
increase in the turnover. Even otherwise
rate is slightly decreased but the fall is very much justified from
the multifold increase turnover.
Your honour, even the books are rejected than ... should be appreciate.
Considering the above facts I find that the turnover of the appellant also
increase from
various years is as under:-
AY Travelling & Turnover Expenditure as
Conveyance (Rs. in % of Turnover
Expenses (Rs. in crores)
crores ... evident that the amount of expenditure on
travelling and conveyance expenses has decreased since AY 2006-07
and continuously on downward trend. Therefore, considering
applying the g.p.
rate of 22% on the turnover of Rs. 17,94,82,618/- as against g.p. rate of
19.43% shown ... Department. The ld.AR of the assessee also submitted the
reason of decrease in percentage of G.P. is increase of input cost in
comparison
applying the g.p. rate of 22% on the turnover of
7 ITA 76/JP/2018_
M/s Pawan Enterprises Vs ACIT ... fact the
turnover of the assessee has increased substantially and overall gross
profit of the assessee has also increased. The turnover of the assessee
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
Kothari Jewels Private Limited, Mumbai vs Acit, Jaipur on 4 April, 2018
vk;dj vihyh
