upper limit on the
turnover/service revenue while selecting the companies
comparable to the assessee and that application of turnover
filter is a relevant criteria ... increase in the size and scale of the operations leads to a
decrease in the long run average cost of each unit or each
service
M/S. Acer India Pvt Ltd, Bengaluru vs Assistant Commissioner Of Income Tax, ... on 31
M/S. Acer India Private Limited, ... vs Deputy Commissioner Of Income Tax, ... on 10 May
lower level of
the turnover and he has not fixed the upper turnover filter
limit looking to the turnover of the assessee. In this
regard ... submitted that application of turnover filter is
a relevant criterion in choosing comparable companies.
The difference in the scale of operations has a direct
impact
turnover filter at the lower limit
erred in not applying the said filter at the upper end so as to
reject high turnover companies. (Ground ... upper limit on the turnover/service revenue while selecting the
companies comparable to the assessee and that application of turnover
filter is a relevant criteria
applying the g.p.
rate of 22% on the turnover of Rs. 17,94,82,618/- as against g.p. rate of
19.43% shown ... Department. The ld.AR of the assessee also submitted the
reason of decrease in percentage of G.P. is increase of input cost in
comparison
applying the g.p. rate of 22% on the turnover of
7 ITA 76/JP/2018_
M/s Pawan Enterprises Vs ACIT ... fact the
turnover of the assessee has increased substantially and overall gross
profit of the assessee has also increased. The turnover of the assessee
sale figure is computed on the basis of
decrease in stock. For these reasons Ld. A.O rejected the books
results and in view ... Taxman 384 (M.P) estimated the
net profit @ 3.5% on the total turnover for the year. Ld. A.O also
gave instances of other assessee
relating to allowance of deduction under Section 80HHC by considering the export turnover with reference to each category of goods and/or merchandise. With regard ... actual increase in this year neglecting such other items where there was decrease in the figure of export as compared to the last year
both
the cases was same i.e. `.2,18,71,876/-. The decrease in profit in the
revised return was due to increase in labour ... Assessing
Officer had estimated the profits on the basis of 8% of turnover.
However, the penalty was imposed because of the failure on the part
