expenses reimbursed by
the Company were reasonable to the turnover of the Company
and decreased over the period of time. -The statement of shared
service ... expenses reimbursed by
the Company were reasonable to the turnover of the Company
and decreased over the period of time. The statement of shared
service
decreased by approximately 5.6% as compared to salary
expenses in FY 2011-12. As against the above decrease in salary cost. the turnover ... decreased by approximately 5.6% as compared
salary expenses in FY 2011-12. As against the above decrease in salary cost, the
turnover of the Appellant
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
only but not taken any order.
Our R.K. Traders had shown turnover about 1.76 lakhs we have also filed audit
report and statement ... Traders in which we have shown all the
turnover which was above 1.76 lakhs.
2.2 Decreased in Gross Profit ratio:
As per our trading account
year. Looking to the 250 times increase in the turnover, we
found that the marginal decrease in the G.P. is reasonable
M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April
lakhs as compared to immediately
preceding year's turnover at Rs. 1,113.84 lakhs and gross profit at Rs.323.05
lakhs ... evidences such drastic decrease in
the gross result of the company. Firstly, the assessee submitted as under:
"Asst Year Turnover Gross Profit Net Margin
turn over
shown during the year under consideration with the total turnover shown in
the preceding assessment year. The assessing officer observed that during ... compared
to the preceding assessment year. There was decrease in the total turnover at
Rs. 26,73,92,917/- as against the total turnover
reduced.
ii. That during the year under consideration out of total turnover,
the turnover of Rs. 30,26,21,654/- was in the nature ... rate was due to various factors such as
increased turnover, tough competition in market, decreasing profit
margin etc. I find some force in the appellant
case of the Revenue that
sales turnover of the assessee has decreased or the net
profit ratio is less than the earlier assessment years
