fixed assets specially plant & machinery.
Despite this fact your turnover has decreased then what use has
been put to new assets. The said query
annual
report, the company experienced losses due to decrease in
turnover, provision for doubtful debts and change in accounting
procedures. Further, as per the annual
provided for
Commission rate in case of GSA agreements generally
decreases as the turnover increases This is because the cost
incurred by the agent does ... that the commission rate in case
of GSA agreements generally decreases when the turnover
increases and this is because the cost incurred by the agent
page 7 of the
assessment order that the total turnover cannot decrease due to
decrease in the booking rate. This is quite illogical
services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group ... services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group
year
decreased to Rs.51378.17 Lacs from Rs. 54119.34 Lacs shown in the immediate preceding
year. Considering the decrease in gross turnover, the corresponding
year
decreased to Rs.51378.17 Lacs from Rs. 54119.34 Lacs shown in the immediate preceding
year. Considering the decrease in gross turnover, the corresponding
turnover is only 60% of
the last year. In the last year the turnover was Rs.16.72 crores whereas the
turnover in the current ... increased 3.5 times as
compared to last year, whereas the turnover has decrease to 60% of the last
year.
3.3.2 In view of this reason
Appellant only,
which is also evident from the substantial decrease in turnover during the
year under consideration.
4.3 The Ld. CIT(A) - 12, Chennai erred
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