required to file monthly, quarterly or
annual returns of his turnover. It is the choice of a dealer to opt for compounded
payment ... contract under a scheme, in which the State
Government can increase or decrease the rate of compounding of tax. It is an
invitation to offer
from
sales assessment. As per Para 12.1 of Catering Policy 2017,
sales turnover would be based on the following factors (i)
category of station ... into the calculation for
sales assessment. Passenger footfall has direct relation to
decrease in number of trains and traffic volume, therefore is
identified
Increase in turnover in period 09/11 to 30/12-
Financial Year Period Total Turnover ... turnover for the period 9-11 to 30-12 was
Rs. 24,10,695 as against Rs. 29,93,487/-. At the outset, we submit
M/S Honeywell Technology Solutions Lab ... vs Joint Commissioner Of Income Tax ... on 26 August
turnover/service
revenue while selecting the companies comparable to the assessee. In this
regard, it is submitted that application of turnover filter is a relevant ... increase in the
size and scale of the operations leads to a decrease in the long run average cost
of each unit or each service
erred in not applying a cap
on upper limit on the turnover/service revenue while selecting the
IT(TP)A No.237/Bang/2021
Page ... Assessee. In this regard, it is submitted
that application of turnover filter is a relevant criteria in choosing
comparable companies. It is submitted that
upper limit on the
turnover/service revenue while selecting the companies
comparable to the assessee and that application of turnover
filter is a relevant criteria ... increase in the size and scale of the operations leads to a
decrease in the long run average cost of each unit or each
service
decided to enter in domestic market in addition and
started doing small turnover to domestic customers also. Initially it received
good response from domestic market ... turnover for Rs
210.37 Lakh and 428.60 Lakh plus export turnover of Rs. 1497.62 Lakh and
1550.87 Lakh respectively and covered downfall in export turnover
turnover filter at the lower limit
erred in not applying the said filter at the upper end so as to
reject high turnover companies. (Ground ... upper limit on the turnover/service revenue while selecting the
companies comparable to the assessee and that application of turnover
filter is a relevant criteria
assessee
submitted that the assessee had declared a turnover of Rs.21,26,644/- on which the
N.P. Rate of 11.80% has been declared ... Rate of 13.14% in
the immediately preceding year. This slight decrease in the profit rate was due to
growing competition in the field
