consonance with increase in turnover for current year, it was
submitted that increase in the turnover may result in increase in GP in absolute
terms ... turnover, it results in decrease in GP %, due
to decrease in the margins, in order to achieve higher turnover. It was
submitted that reason
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
Further, inclusion of turnover of Koramangala unit in
total turnover will decrease the deduction u/s. 80 HHC. Effect of both
these factors will decrease
stiff competition , hence no increase in
margin on turnover, hence there is decrease in the Gross Profit
margin."
6.8. We have considered rival contentions ... conducted by revenue on
24.02.2009. We have observed that despite increase in turnover, the
assessee is consistently showing a low GP ratio over years
Ess Ismail Merchant, Mumbai vs Jt Cit 13(3), Mumbai on 21 February, 2018
IN
this year
although the turnover of assessee has increased by 1.7 times but the average job
charges decreased to Rs 5.25 per meter as against ... production mix. Though the turnover of the assessee has increased by
1.7 times, but the average job charges decreased to Rs.5.25 per meter
knowledge of
the department that the assessee shifted the entire turnover
of old M/s Sharda Exports, Meerut to the new firm of
Haridwar without ... However, Mr. Gupta accepted that their turnover of Delhi firm had
decreased accordingly, due to forming the firm in the same name
with Hardwar office
M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April
moisture in the material per unit production
decreased. In all the other months the consumption of unit are normally
ranging within ... preceding year despite of around 20% increase in turnover. In
other words, there is just marginal decrease in GP rate. Also, if trading addition
year was much higher. The marginal decrease in gross
profit rate was due to increase in turnover by almost 50% over the
last year. This ... year is much higher. The marginal decrease in
G. P. rate is due to increase in turnover by almost 50% over
the last year. Therefore
