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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

ITANo.742/Ind/2018 Sanee Infrastructure Pvt. Ltd percentage of decrease in turnover is not in consonance with the percentage of decrease in cost ... minimum required enquiry was towards examining decrease in turnover and the increase in cost of material consumption. The details of sales made in the preceding

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

failed to appreciate that the percentage of transportation expense to the turnover has decreased by 1.50% as compared to the previous year. 4. The appellant

would be proper to take GP rate at 27% as the turnover has decreased [almost 20%) because it is trite law that with increase ... rate @ 27% for the reason that there was a decrease in the turnover without providing opportunity to the assessee in contravention of the provisions

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

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