Phillip (India) P.Ltd ( Formelry Mf ... vs Acit Rg 6(3), Mumbai on 26 February, 2020
shows that the turnover of the
company has increased by more than 10%
whereas expenses incurred under these heads has
decreased by more than ... these are revenue: expenses, then with the
increase in turnover the same should also
increase/decrease proportionately not
irrationally.
5.6 In view of the above