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this A.Y. he has shown the GP of 12.57% on decreased turnover of Rs. 39,45,037/-. It is a generally accepted principle that

Assessing Officer the assessee has not given any reply for decrease in turnover. 9 According to Assessing Officer perusal of documents raise following important issues ... filed before the Assessing Officer. It was particularly explained that turnover 11 has decreased because there was some family dispute and out of two units

rate chart submitted by the appellant, it is seen that the turnover has decreased from Rs. 3,53,30,516/- in the immediately preceding assessment ... merely using her estimations and observing that since the turnover has decreased the profit was required to be increased. He also submitted that

about 2.48% on a turnover of about Rs. 18 crore and in the relevant year the turnover has decreased to about Rs. 7.5 crores

diesel and electricity, salary, PF, bonus and other items. Though the turnover had decreased, the production was higher as shown by the higher closing stock ... establishment. Even though turnover did not increase, the closing stock had increased and the GP rate had not decreased. In these

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

price. Moreover with respect to 43.27% of the turnover, no reasons have been given for decrease in GP rate as compared to last year ... turnover. For the balance part of the turnover where reasons have been given, it is not possible to quantify the decrease in gross profit

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

actions. We find that the ld CITA had categorically stated that the turnover and the direct expenses incurred by the assessee 8 ITA No.2318 ... consumption to the percentage of turnover had increased by 34.95% and direct expenses had decreased by 0.89% in the year ended 31.3.2009 when compared

ACIT change which not only resulted in decrease in the turnover by 15% but also resulted into shrinking of the margins. Therefore, he prayed