relating to allowance of deduction under s. 80HHC by considering the export turnover with reference to each category of goods and/or merchandise. With regard ... actual increase in this year neglecting such other items where there was decrease in the figure of export as compared to the last year
Dcit, Circle-7,, Pune vs Tetra Pak India Pvt. Ltd.,, Pune on 24 May, 2019
excluding export turnover amounting to
Rs.81,39,65,243/- in respect of export oriented unit (EOU) from export turnover of
the appellant while calculating ... facts while confirming the
decision of assessing officer for decreasing profits exempted under section 10B of
the EOU's in as much
sale of
licensed products and was directly linked with the amount of
turnover.
29. Before us, Ld. Counsel relied upon catena of judgment wherein
similar ... would determine the extent of royalty to be paid and it
would decrease or increase every year depending upon the
decrease or increase
nature of an injection against issue of fresh licence when there is decrease in the turn over. This is a wrong assumption. As seen earlier ... Rule 2 and that is not determinative. Even if there had been decrease in the turn over during the preceding three years the licensing authority
thus made. The
ld. CIT(A) decreased the net profit to 3%, reducing the addition to Rs.3,45,230/-.
The assessee is in appeal ... page 4 of the impugned order, is as under:
A.Y. Turnover NP Rate
labour expenses claimed were of Rs.23.35
crores against the total turnover of Rs.1.01 crores. However, during
the year under appeal ... total turnover of Rs.2.19 crores
therefore, the Ld. CIT(A) was of the view that use of machine was
higher which decreased
consumption of raw material is more the gross profit ratio
would decrease. But in the case of the assessee the results are
reverse when ... presumed that in
case the .turnover of any business goes up, the GP always goes
down and if the turnover goes down the GP will
sales rate of the assessee was higher which resulted
to substantial decrease in sales of the assessee in AY 2009-10.
When the assessee lower ... Jaipur wherein
the GP of this firm 15.30% on declared turnover of Rs.
11,77,70,683/- was accepted. The copy of assessment order
excluding export turnover amounting to
Rs.81,39,65,243/- in respect of export oriented unit (EOU) from export turnover of
the appellant while calculating ... facts while confirming the
decision of assessing officer for decreasing profits exempted under section 10B of
the EOU's in as much
