proceeds
from the scrap should have been included in the "total
turnover" as the respondent - assessee was also selling
scrap and that ... that if the total turnover
increases, the advantage which the assessee would get
under Section 80HHC would decrease because the
amount deductible substantially depends upon
made best judgment assessments of its intra-State turnover and also inter-State turnover. The former was estimated at Rs. 61,998.80 and the latter ... preceding year. He also observed that the decrease in the intra-State turnover as returned by the assessee in the year in question, as compared
made best judgment assessments of its intra-State turnover and also inter-State turnover. The former was estimated at Rs. 61,998.80 and the latter ... preceding year. He also observed that the decrease in the intra-State turnover as returned by the assessee in the year in question, as compared
Bank
statement produced by the claimant, there is no decrease
in his income. Therefore, he submits no compensation
can be awarded towards loss of future ... Bank statement of the claimant does not show any
6
decrease in his business turnover. Neverthless claimant
has to bear with the said disability
J C Home Tex, Jaipur vs Assistant Commissioner Of Income Tax ... on 10 July, 2024
Acit-1(1), Indore vs Kriti Nutrients Limited, Indore on 9 January, 2026
आयकर अपीलीय
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
Present A.Y.
Normally when the turnover increases the net profit decreases but it is not the case of
the appellant. Further, the case ... Further if there was a decrease
in the net profit rate, but at the same time the turnover is also increased about
1000% this case
major reason for fall in GP was
a substantial increase in turnover by almost 50% from Rs.
60.71 Cr during the earlier year ... under consideration; that to achieve such an increase
in turnover, a business has to decrease its margins to
obtain much higher sales; that the primary
expenses cannot have an element of turnover. He also
emphasized that for a receipt to be called as turnover, there should be an
element ... assessee in either of the units to either decrease the total turnover or
increase the profits of the business, thereby discharging the claim for
deduction
