immediately preceding year. On a turnover of
more than 109 crores, this marginal decrease in my opinion is
insignificant and could be due to various ... then it
should also not be concerned with a minor decrease in the same
especially when, as in this case
assessee in the
earlier years and whether the turnover has increased or decreased?
and what are the profits shown by persons in the same line
year under consideration, the
turnover of the appellant company has significantly increased,
as a result overhead expenses per unit were decreased. The
detail
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
operating margins of
Access India Advisors Ltd. and there was short decrease in margins for the
succeeding years, which established that the assessment year ... assessee
that in the succeeding years, the margins have decreased i.e. in assessment
year 2009-10, it was 6.62% and in assessment year
2015
A.Y.2010 -11
September, 2009. After demerger, turnover of the company has increased
from Rs.1562 milions in the immediately preceding Financial Year ... Financial Year 2009-10. Whereas, gross profit before
depreciation and interest has decreased from Rs.389.83 milions in the
immediately preceding Financial Year
