loss is in respect of current year's turnover or earlier year's
turnover. Since there is no finding of authorities below ... same is
related to turnover of earlier year then the same should be ignored because in
that situation, the corresponding turnover is not forming part
turnover. Hence, any receipt or
expenditure although operating in nature but for which the corresponding
turnover of which is not the part of the turnover ... stand increased or decreased as the case may be but the
denominator will not reflect the inclusion of the corresponding turnover. In
fact, in Para
M/S Flipkart India Private Limited , ... vs Assistant Commissioner Of Income Tax ... on 25 April
H L Shankaranarayana Bhat , Sagara vs Income Tax Officer Ward-3 , Shimoga on 1 June
Teenotree Convergence Pvt Ltd, ... vs Deputy Commissioner Of Income Tax, ... on 27 June, 2018
IN
