regarded as part of total turnover but not as part of export turnover while working out deduction u/s.80HHC ... reduce the 'increase in cost of imports' or 'decrease in receipts of export proceeds' in view of fluctuation.
Each forward contract
losses/profits would have the counter effect of
the increase or decrease in the overheads and hence cannot be taken
as a base for determining ... with reference to the total
consumption of raw materials vis-à-vis turnover varies to a great
extent. Such an observation
Acc Ltd ( Formelry Known As The ... vs Assessee on 7 December, 2011
ITA Nos 6262
Exxon Mobil Company India P. Ltd, Mumbai vs Assessee on 11 April, 2011
IN THE
Hope Inida Polishing Works P. Ltd, ... vs Department Of Income Tax on 14 June, 2011
Nasir Khan, J. Mahadik, Mumbai vs Department Of Income Tax on 15 November, 2011
IN
Sanghavi Jewellery Mfg. Co. Pvt. Ltd , ... vs Assessee on 13 October, 2011
IN THE INCOME
