fall in the turnover by Rs.3.11 crores
which was a decrease of 42.52%,
5.1 Instead of appreciating the facts of the case ... fact a decrease in the expenses during
the year; but she failed to take into consideration the decrease in
the turnover as we!!. She repeatedly
ratio for the last three A.Ys is as under:
AY. Turnover G.P. rate N.P. rate
(Rs.)
G.P. (Rs.) G.P. rate ... turnover has exceeded by 3 times
compared to A. Y.2006-07. This is one of the reasons that when
turnover increases profit ratio decreases
Comparative G.P chart of
three years are as under:
A.Y. Turnover Gross Profit GP rate ... sale price of
the major items where sale realisation has been decreased
and purchase price has increase in comparison to last year.
He further stated
Comparative G.P chart of
three years are as under:
A.Y. Turnover Gross Profit GP rate ... sale price of
the major items where sale realisation has been decreased
and purchase price has increase in comparison to last year.
He further stated
J.K. Paper Ltd.,, Surat vs Department Of Income Tax on 27 April, 2012
IN
assessee alongwith other
documentary evidence, the AO again doubted on the decreasing N.P. rate in
the case of the assessee and asked various questions ... finally held that in the case of the assessee under
consideration, the turnover is much more than Rs.40 lacs. The N.P. rate
assessee alongwith other
documentary evidence, the AO again doubted on the decreasing N.P. rate in
the case of the assessee and asked various questions ... finally held that in the case of the assessee under
consideration, the turnover is much more than Rs.40 lacs. The N.P. rate
Fairdeal Filaments Ltd.,, Surat vs Assessee on 6 December, 2012
आयकर अपील य अ धकरण
works on low margins, resulting in decrease of gross
profit percentage. However, it does not explain the decrease in gross
profit from ... cement
from the current year which has resulted in increase in Turnover. However
the margin in cement business was very low as compared to other
