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
shows turnover of `.131,62,14,084/-.
Other income of `.1,35,31,994/- and decrease in stock of
`.3,83,12,047. note
earlier year. Further, the labour charges as a
percentage of turnover have also decreased to 87.87% in the current
year as compared
Officer noted that assessee's turnover increased
by about 34% comparing assessment year 2005-06, but decreased by 37% from assessment
year
domestic as well as
export sales which would decrease or increase every year depending
upon the decrease or increase in the sales. This payment ... would be
that the amount of royalty paid by the assessee on turnover basis for use of
technical information and assistance is invariably on revenue
Dollar and
Pound Sterling and because of these adverse conditions, the turnover had fallen
down by almost Rs.5 crore. It was submitted that ... thus, GP rate was
lower because of increase in purchase cost and decrease in sale price.
Necessary books of account along with vouchers, bills
Cabot India Ltd, Mumbai vs Assessee on 23 November, 2009
IN THE INCOME TAX APPELLATE
Avadesh Badruka, Hyderabad vs Department Of Income Tax on 22 December, 2009
IN THE INCOME
Lg Electronics India Pvt. Ltd, Uttar ... vs Assessee on 29 June, 2009
I.T.A
Pankaj Diamonds,, Surat vs Assessee on 22 October, 2009
IN THE INCOME TAX APPELLATE TRIBUNAL