further submitted that the
turnover of the assesee has increased multifold as compared to the
previous year where the turnover ... issue
that the turnover of the assesee has increased substantially as compared
to the previous year and the higher turnover could only be achieved
basis of their turnover of the units. Hence, deduction
u/s.80IA of the Act was consequently decreased and disallowed by the
same amount
claimed that the expenses have decreased this year
in comparison to the preceding years but without
given comparative turnover figure of earlier years.
The appellant
explained that fall
in gross profit was attributed to the increase in turnover
from Rs. 6.40 crores to Rs. 9.57 crores. Hence, the gross
profit ... year which was earned on a meager turnover of
Rs. 1.04 crores whereas in this year the turnover has increased from
Rs. 1.04 crores
year the appellant's turnover was Rs. 7.80 cr
with a G.P. rate of 6.41% as against turnover of 7.81 cr with ... these factors have
resulted in decrease in G.P. by Rs. 3801862/- which is
equivalent to 6.08/- of the turnover. This is depicted
from its investments in
developing the value of a trademark from its turnover and
market share where it has a long-term contract of sole
distribution ... additional return from the owner of the trademark, perhaps
through a decrease in the purchase price of the product or a
reduction in royalty rate
M/S. Schneider Electric It Business ... vs Joint Commissioner Of Income Tax, Ltu, ... on 30
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
Acit, New Delhi vs Sh. Ashok Mittal, New Delhi on 30 October, 2017
IN THE
Vedanta Ltd (Earlier Known As Sterlite ... vs Acit, Circle- 26(1), New Delhi on 9
