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
expenditure of wages with that of previous year and its corresponding
turnover. The A.O. had not pointed out any specific defect in the wages ... contrary to the finding of A.O.
the expenditure had decreased and the turnover has increased. It was
further submitted that the assessee has deducted
Learned AR
has also argued that due to substantial increase in turnover there was
a slight deduction in the profit margin which was offered ... both the sides, we are also of
the view that the marginal decrease in the gross profit ratio was
properly explained by the assessee; hence
assessee has declared following trading results in the
earlier years.
A.Y Turnover Gross Profit GP Rate ... increase in turnover
6
has been achieved by reducing the sale rate of goods sold and margin of
profits thereon. Small decrease
labour expenses claimed were of Rs.23.35
crores against the total turnover of Rs.1.01 crores. However, during
the year under appeal ... total turnover of Rs.2.19 crores
therefore, the Ld. CIT(A) was of the view that use of machine was
higher which decreased
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
The Dcit, Circle-1(1),, Baroda vs Gujarat Flurochemicals Ltd.,, Baroda on 28 June, 2019
M/S Pavan Construction Co, ... vs The Income Tax Officer, Ward 1(3), ... on 15
Hero Honda Motors Ltd., New Delhi vs Assessee on 27 September, 2010
IN THE INCOME
consideration it was at 25.61%. However, there was tremendous
increase in the turnover of the assessee which increased to Rs.1021.80 lacs ... factor for decline in the gross profit rate as the turnover
increased by 356% in comparison to the earlier year. In the instant case
