services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group ... services and any increase or shortfall in the actual turnover would proportionately increase or decrease the portion of cost to be absorbed by the group
secured loans. He also points out from the report that the turnover has decreased.
21. But, as rightly pointed out by the learned Counsel
observed that besides decrease in the turnover m comparison to the last year, the telephone expenses have been increased tremendously After verifying the details
However, keeping in view the fact that the assessee's turnover has
been increased from ... will be justified. It is well settled that when turnover
increases, margin of profit decreases. The rate of GP in the immediate
preceding assessment year
turnover to the total turnover. In other words, what Sub-section (3) says is that if export turnover constitutes 30 per cent of total turnover ... ratio which the turnover of exports bears to the total turnover. Consequently, it follows that if the export turnover does not have the elements
Assistant Commissioner Of Income Tax vs Fertilizer Traders [Alongwith Ita No. ... on 13 February, 2004
U.P.Co-Operative Cane Unions ... vs West U.P.Sugar Mills Association And ... on
U.P. Co-Operative Cane Unions ... vs West U.P. Sugar Mills Association & Ors
Mahindra Sintered Products Ltd. vs Dy. Cit on 30 March, 2004
Equivalent citations: [2005]95ITD380
Mahindra Sintered Products Ltd. vs The Dcit, Spl.Rg.49 on 30 March, 2004
Equivalent
