profit
has decreased by 1.87%, whereas the employee cost increased by
13.46 %. Despite steep decrease in turnover, with almost same
amount of overhead costs ... there is decrease in returned income for A.Y. 2013-14. The comparative table
containing assessment year, turnover, net profit, direct expenses like material
consumption
crores turnover filter. The Ld.AR filed the following details in
respect of the comparables for which the upper turnover filter
has not been applied ... upper limit on the turnover while selecting the companies
comparable. In this regard, it is submitted that application of
turnover filter is relevant criterion
comparables deserves to
be excluded on application of upper turnover filter.
Sl. Turnover
Name of the Company
No. (in crores)
1 Exilant Technologies ... upper limit on the turnover while selecting the companies
comparable. In this regard, we note that, application of turnover
filter is a relevant criterion
also drew attention of this bench to a table
wherein the turnover of the comparables were listed in the
decision relied by him in case ... upper
limit on the turnover while selecting the companies comparable.
In this regard, it is submitted that application of turnover filter is
relevant criterion
