Gopalakrishna Govind Hegde(Dead)Thr. ... vs The Totgars Co-Op. Sale Soc. Ltd. . on 22 February, 2016
Bench: Pinaki Chandra Ghose , Amitava Roy
ITEM ... Dharwad)
GOPALAKRISHNA GOVIND HEGDE Petitioner(s)
VERSUS
TOTGARS' CO-OP. SALE SOC. LTD. & ORS. Respondent(s)
(with appln. (s) for exemption from filing
Gopalakrishna Govind Hegde(Dead)Thr. ... vs The Totgars Co-Op. Sale Soc. Ltd. . on 4 October, 2016
Bench: Pinaki Chandra Ghose , Amitava Roy
ITEM ... Dharwad)
GOPALAKRISHNA GOVIND HEGDE Petitioner(s)
VERSUS
TOTGARS' CO-OP. SALE SOC. LTD. & ORS. Respondent(s)
(with appln. (s) for exemption from filing
expenses 24,773.04 7.012.86
Operating profit 209.10 2,723.19
OP/OC 0.84% 38.83%
OP/Sales 0.72% 27.97%
3.2 In order to benchmark the international transactions ... expenses
Operating 209.10 2,723.19 -5929.84 -2997.55
profit
OP/OC -4.66%
OP/Sales -4.89%
On the basis of above analysis and it is proposed
comparable case of Daniel Measurement and Control India Pvt. Ltd.
(adjusted OP/Sale of 5.38%). The AO sought to disregard 8 of the 11 cases ... comparable. On this basis the surviving set of companies are:
Name OP/Sales
Bhartia Industries Ltd. 5.68
Indfos Industries Ltd. 6.28
Daniel Measurement 5.38
Roop
Agahr Group Co.Op.Cotton Sale Ginning & ... vs Uttar Gujarat Vij Company Ltd. & on 30 November, 2016
Author: Mohinder Pal
Bench: Mohinder ... AHMEDABAD
SPECIAL CIVIL APPLICATION NO. 3331 of 2004
==========================================================
AGAHR GROUP CO.OP.COTTON SALE GINNING & PRESSING
SOC.LTD.....Petitioner(s)
Versus
UTTAR GUJARAT
Agahr Group Co.Op.Cotton Sale Ginning & ... vs Uttar Gujarat Vij Company Ltd. & on 15 January, 2016
Author: N.V.Anjaria
Bench ... AHMEDABAD
SPECIAL CIVIL APPLICATION NO. 3331 of 2004
===========================================================
AGAHR GROUP CO.OP.COTTON SALE GINNING & PRESSING
SOC.LTD.....Petitioner(s)
Versus
UTTAR GUJARAT
under the manufacturing (domestic) segment and
considered net margins [operating profit / sales (OP / Sales) ] of the assessee as well as the
comparables instead ... Part B of
rejecting CPM and Paper Book
considered OP / Sales
instead of GP / DICOP
5.2.10. As a result, the Ld. TPO arrived at results
op. Credit Society Ltd.
The issue has been decided by the Hon'ble Supreme Court' in
the case of Totgars Co-op. Sale ... Jafari Momin Co-op Credit
Society Ltd. and decide to follow Apex court decision of Totagaer co-op, sale society Ltd, we
reiterate that
Operating Revenues : 226.71
Operating costs : 202.93
Op. Profit : 23.78
OP/TC : 11.72%
OP/Sales : 10.50%
He observed that in the annual report for the financial ... crores
Sl Name of the Company Net Operat- Operat- OP/ OP/
No Sales ing Cost ing Sales Cost
profit % %
1. Suven Life Sciences
decision of Hon. Supreme Court
in the case of Totgars co-op. Sale Society Ltd. vs. ITO, Karnataka
322 ITR 283 (SC).
5. Aggrieved, Revenue ... decision of Hon. Supreme Court in the case of
Totgars co-op. Sale Society Ltd. vs. ITO (supra).
12. At the outset ld. AR submitted
