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
vk;dj vihyh
increase
the sales, margin of GP has slightly decreased in as much as the
turnover is roughly doubled. Thus, there is full justification ... increase the
sales, margin of GP has slightly decreased in as much as the turnover is
roughly doubled . The assessee did not submitted details
reasons beyond the appellant's control, assessee's
turnover has also decreased by approx. 859.74 crore leading to slight decrease
increase of turnover and manufacturing activities as
against job work charges and due to flood gross profit has marginally
decreased. However, ld. Assessing Officer ... ignored some important facts which needs consideration in
adjudicating this issue:-
(1) Turnover of the assessee has more than doubled in Asst. Year
products, even the sale
price decreased in comparison to the preceding year. Moreover, the
appellant's turnover increased from 11.60 crores
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
rejecting the books of
accounts and estimating the profits at 15% of turnover are as under:
2
ITA No. 1221/H/16
RK Township Promoters ... immediate previous year even though there
was decrease in sales during the year. The assessee did not
produce any supporting evidence, did not file details
Company, Jhunjhunu
Comparative % of Contract Expenses
Financial Year Turnover Contract % of contract
Expenses expense as to
turnover ... percentage of such expenses as proportion to
the total receipt has decreased from 89.95% to 89.25%.
However, keeping in view the fact that the books
various reasons such as
Increase in the raw material cost, decrease in market price of
finished product......
6.4 Looking into the facts of the case ... record anything to the
contrary. Further, it is also noted that the turnover of the
appellant increased substantially in comparison to preceding two
years. Moreover
