showing its turnover
almost static which is evident from the chart given below:
ITA No.1131/Ahd/2011-2
3
A.Y. Turnover ... substantiating documents. It is further seen that, even
though the turnover has decreased as compared to immediately preceding
assessment year, i.e. A.Y.2006
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
total turnover @ 9.55% as
shown in the last previous year. Thus the AO made trading addition of
Rs. 97,99,900/- on turnover ... observed that gross profit
rate of the assessee has decreased from 9.55% in the last year to
5.73% and accordingly enhanced the gross profit rate
Shri Shankarlal Vishwakarma, vs Asst. Commissioner Of Income Tax, on 27 January, 2023
IN THE
losses/profits would have the counter effect of
the increase or decrease in the overheads and hence cannot be taken
as a base for determining ... with reference to the total
consumption of raw materials vis-à-vis turnover varies to a great
extent. Such an observation
Chartered Logistics Ltd., Ahmedabad vs Assessee
आयकर अपीलीय अिधकरण,
अिधकरण, अहमदाबाद Ûयायपीठ ''C
Gyanchand Gandhi,Huf, Ahmedabad vs Assessee
आयकर अपीलीय अिधकरण,
अिधकरण, अहमदाबाद Ûयायपीठ ''C
works on low margins, resulting in decrease of gross
profit percentage. However, it does not explain the decrease in gross
profit from ... cement
from the current year which has resulted in increase in Turnover. However
the margin in cement business was very low as compared to other
