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earlier years has come down, which is evident from drastic decrease in turnover. Therefore, the argument of the assessee that the bonus is paid

earlier years has come down, which is evident from drastic decrease in turnover. Therefore, the argument of the assessee that the bonus is paid

earlier years has come down, which is evident from drastic decrease in turnover. Therefore, the argument of the assessee that the bonus is paid

assessee in the earlier years and whether the turnover has increased or decreased? and what are the profits shown by persons in the same line

operating assets) but at a decreasing rate. Hence, it is appropriate to apply upper turnover filter based on the classification of companies

commission expenses when in fact, the total decrease in sales is attribution to reduction in export turnover only whereas, the domestic sales within India

admitted a net income of Rs.14,44,347 at 0.29% of turnover. However, the net profit admitted ... theao, if there is increase in the turnover in the subsequent year, the ratio of profit would decrease. With the introduction of new plant

locality, comparative profit rate of the assessee in respect of other years, turnover, etc. In this case, the Assessing Officer has not considered ... common knowledge that profit ratio will decrease automatically. In other words, the profit ratio will decrease when the turnover increases. By taking into consideration

turnover of Rs. 3,90,72,000 by adopting a rate of 12.5% profit on turnover. The turnover ... adoption of the turnover and given part relief to the assessee firm by decreasing the percentage of profit from 12.5% to 6% on the turnover

Wipro Ltd. The learned Counsel pointed out that the segmental turnover of Infosys was at Rs.156,48,00,00,000/- and that of Wipro ... risk taking capabilities in cases of high turnover companies, which increase the margins with rise in turnover. However, in the 6 Tribunal decisions cited