turnover of Rs. 57,46,108/- (PBP-17) which
comes to 7.29% of the turnover and in this year the Royalty expenses was paid ... turnover of Rs.1,36,58,824/- which comes to 12.08% of
turnover i.e. the increase in royalty expenses at 4.79% from the last
Company, Jhunjhunu
Comparative % of Contract Expenses
Financial Year Turnover Contract % of contract
Expenses expense as to
turnover ... percentage of such expenses as proportion to
the total receipt has decreased from 89.95% to 89.25%.
However, keeping in view the fact that the books
volume of business and therefore the margins of the assessee had
decreased. The Ld. AR submitted that net profit rate of 4.45% was
declared ... appraisal of value of the contract, the Ld. AR submitted that the turnover
during the year had increased to Rs.11.18 crore as against
Deputy Commissioner Of Income-Tax,, vs Serum Institute Of India Ltd.,, Pune on 28 November
