showing its turnover
almost static which is evident from the chart given below:
ITA No.1131/Ahd/2011-2
3
A.Y. Turnover ... substantiating documents. It is further seen that, even
though the turnover has decreased as compared to immediately preceding
assessment year, i.e. A.Y.2006
Learned AR
has also argued that due to substantial increase in turnover there was
a slight deduction in the profit margin which was offered ... both the sides, we are also of
the view that the marginal decrease in the gross profit ratio was
properly explained by the assessee; hence
assessee has declared following trading results in the
earlier years.
A.Y Turnover Gross Profit GP Rate ... increase in turnover
6
has been achieved by reducing the sale rate of goods sold and margin of
profits thereon. Small decrease
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
Micromax Informatics Ltd., New Delhi vs Assessee on 20 February, 2015
IN THE INCOME TAX
Shriram Capital Limited, Chennai vs Assessee on 25 June, 2015
आयकर अपील य अ
धकरण
