wages to cover the discrepancies. He observed that the turnover of the assessee
had decreased from 20.19 crores to Rs.6.95 crores
such a
payment as excessive in view of decrease in the ratio of net profit to turnover.
He restricted the deduction to the amount
been inferred by the original authority that there was decreasing trend in turnover of gold in respect of the existing gold dealers. The data clearly
ground that the turnover in the concerned area for the preceding three years has shown a decrease, the authorities should have considered the appellant ... licence under the general category was negatived on grounds of decrease in the turnover for the preceding three years in terms of Rule
Cbi vs . (1) T. O. Joseph on 30 July, 2013
-1-
IN THE COURT OF
feel undervalued and under-
appreciated, it can lead to decreased morale, lower productivity, and
higher turnover rates. By providing a wage increase that is long
artificially increased or decreased like in the case of deduction Under Section 80J being based on proportion of turnover. It is significant to note that
export turnover of the plaintiff under these trademarks in the year 1998-99 was to the tune of Rs. 15,07,637/- which decreased ... year 2003-2004. The annual turnover in the domestic market of the plaintiff's business under these trademarks and label has gone up from
Maruti Suzuki India Ltd vs Additional Commissioner Of Income Tax ... on 1 July, 2010
Author
Profit was due to increase in the
cost of raw material and decrease in sale realization. We
find that the AO did not give ... there is increase in turnover, therefore the gross
profit ought to have been increased instead of
decreasing. We are of the view that such reasoning