books of accounts maintained by
assessee. He submitted that turnover has decreased but
carriage expenses has increased. Ld. DR further submitted
that there
Hero Motocorp Ltd., New Delhi vs Dcit, Circle- 11(1), New Delhi on 23 April
view that these expenses are required to be deducted from the export turnover for the purpose of computing deduction under Section 10A . It is also ... proceeds received abroad. That did not mean that the export turnover had to be decreased by the amount of remuneration paid to the foreign professionals
specify the reason of less profit this year although turnover
went up substantially as compare to last year.
2 ITA No. 1768/Del/2016 ... Assessing Officer observed that
even while the turnover has gone up the profit had declined and the decreasing
profit was mainly due to abnormal increase
side. We have gone through the past results
and find that the turnover of the assessee in assessment year ... find while turnover of the assessee is increasing
from year to year the GP rate is decreasing. It is also not understood
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
profit but not the denominator, i.e., the turnover because the corresponding
turnover was factored in the computation of the operating margins of the
earlier ... Haier Appliances India P. Ltd. v. ACIT
turnover of which is not the part of the turnover of the present year cannot
be considered
ratio of the appellant company has decreased as
compared to average of preceding three financial
years. The said decrease in GP and NP rate ... Turnover 1,020,152,679 73,94,89,024
% of financial charges over net turnover 5.48% 3.64%
% increase in financial charges 1.84%
Report
cannot be known at the time of the agreement
what the turnover or profits will be over a period of
years. In similar interpretation ... lump sum, therefore, the same can increase or decrease
on the basis of turnover. It is also pertinent to note that
the above expenditure
license suspension period.
Further, during the A. Y., the turnover of the Appellant Company
also decreased substantially from
