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about 2.48% on a turnover of about Rs. 18 crore and in the relevant year the turnover has decreased to about Rs. 7.5 crores

Ward 4(2), Jaipur vs. Bharat Metal Fabricators. turnover has decreased as compare to the previous year, he restricted the disallowance out of labour expenses ... looked at the labour cost as a percentage of turnover which has declined from 11.18% to 6.06% during the year under consideration and has restricted

price. Moreover with respect to 43.27% of the turnover, no reasons have been given for decrease in GP rate as compared to last year ... turnover. For the balance part of the turnover where reasons have been given, it is not possible to quantify the decrease in gross profit

rate of 6.76% on turnover of Rs 114,52,126 which is better than G.P rate of 6.06% on turnover ... trend which is emerging is that though the turnover of the appellant has decreased during the year, it is able to report

estimation of turnover and income thereon. We find that the Assessing Officer has estimated a net profit @ 1% on the estimated turnover on 1.5 crore ... nature and will not vary with the increase or decrease of the turnover and therefore gross profit rate inspite of net profit rate should have

actions. We find that the ld CITA had categorically stated that the turnover and the direct expenses incurred by the assessee 8 ITA No.2318 ... consumption to the percentage of turnover had increased by 34.95% and direct expenses had decreased by 0.89% in the year ended 31.3.2009 when compared

ACIT change which not only resulted in decrease in the turnover by 15% but also resulted into shrinking of the margins. Therefore, he prayed

estimated the profit @ 11.5% on the turnover of Rs. 16.84 crore. The Hon'ble Bench has also considered its order ... Assessee has claimed that with the increase of turnover, profit rate is decreased. For 5 ITA 54 & 164/JP/2013_ Choudhary & Brothers

further argued that the sales turnover had increased by 14.18% but the manufacturing sales had in fact decreased by 4.94% as the appellant had begun

turnover of Rs. 15,31,53,579/- which is an extremely large percentage. (iii) No reasons have been given for decrease in freight receipts this