expenses cannot have an element of turnover. He also
emphasized that for a receipt to be called as turnover, there should be an
element ... assessee in either of the units to either decrease the total turnover or
increase the profits of the business, thereby discharging the claim for
deduction
that out of 11 comparable companies chosen by the TPO, the turnover
of Infosys Ltd., L&T, Mindtree Ltd., Persistent Systems Ltd., Sasken
Communication ... assessee with the
following observations:-
"10.65 Turnover Filter: The TPO had applied the turnover
filter with Rs. 1 crore at the lower
Ge Medical Systems India Private ... vs Assessee on 30 June, 2015
IN THE INCOME TAX
M/S Novell Software Development ... vs Department Of Income Tax on 13 February, 2015
IN
United Spirits Ltd.,, Bangalore vs Assessee on 23 January, 2015
IN THE INCOME TAX APPELLATE
