immediately preceding assessment year. The AO found that the turnover has decreased but the generator running expenses have been increased. Keeping in view, these facts ... learned CIT(A) has given the reasoning that the turnover in this year has decreased in terms of money. But in our considered opinion, this
2007
(b) The ratio of labour charges to total receipt is decreased to
52.99% from 58.88% compared to the preceding previous year.
(c) Regarding ... increase in gross profit ratio. However,
this is because of decrease in turnover (from
view that these expenses are required to be deducted from the export turnover for the purpose of computing deduction under Section 10A . It is also ... proceeds received abroad. That did not mean that the export turnover had to be decreased by the amount of remuneration paid to the foreign professionals
achieved turnover of Rs.736 lacs as against 200 lacs in the
earlier year. Therefore, there was increase of almost 268% in the
turnover ... thereafter noted that the
turnover of the assessee has increased by more than 3.5 times and
increased turnover would normally result in increase in over
this year
although the turnover of assessee has increased by 1.7 times but the average job
charges decreased to Rs 5.25 per meter as against ... production mix. Though the turnover of the assessee has increased by
1.7 times, but the average job charges decreased to Rs.5.25 per meter
export turnover of the plaintiff under these trademarks in the year 1998-99 was to the tune of Rs. 15,07,637/- which decreased ... year 2003-2004. The annual turnover in the domestic market of the plaintiff's business under these trademarks and label has gone up from
3701/Ahd/2007
reflected turnover of Rs. 8,70,36,023/- as against turnover of Rs.8,67,35,824/- in
the preceding assessment year ... year rate of Rs.11.31 per meter while there
was no decrease in job rates in printing metres. Accordingly, the assessee
submitted that these
gross profit as compared to last year. The
assessee had shown total turnover of Rs.64,63,412/- with gross profit ... Diamond
Market and due to competition with China, the margin of profit decreased compared to last year.
The Assessing Officer did not accept the explanation
Aztec Software And Technology Service ... vs Acit on 12 July, 2007
Equivalent citations: [2007]107ITD141
G.L. Sultania And Another vs The Securities And Exchange Board Of ... on 16 May
