bench will kindly appreciate that there is no difference between the
turnover as per RVAT returns/assessment order and the books of
accounts ... assessee as per his books of accounts duly tallies with the
turnover assessed by the VAT authorities of state Govt.
12. That as regards adverse
Turnover 449839568 580941333 451016448
(iv) Cash Sales Ratio, 70.82% 73.74% 51.36%
Cash Sales/Turnover
(v) Cash deposit ratio cash 82.73% 82.23% 63.64%
deposit/turnover
From ... tabulated data it can be seen that
ratio of cash sales to turnover has not increased
significantly. There is a mere increase of 3% which
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
additional chamber was taken on hire.
The processing of meat has slightly decreased at
Muzaffarnagar but the firm had to maintain an adequate
level ... availability of space
in ships to the required destinations. The turnover cannot
form the basis of requirement of preservation facilities.
There may be times when
crores turnover filter. The Ld.AR filed the following details in
respect of the comparables for which the upper turnover filter
has not been applied ... upper limit on the turnover while selecting the companies
comparable. In this regard, it is submitted that application of
turnover filter is relevant criterion
raised by assessee is in respect of application of
upper limit of turnover in respect of following comparables and
seeking its exclusion.
a) Infosys ... limit on the turnover while selecting the companies
comparable to the assessee. In this regard, it is submitted that
application of turnover filter
