assessment order is as under:
4. Deduction u/ s 10B
4.1. Export Turnover:
The export realization details furnished by the assessee shows that
the realized ... decrease in exchange fluctuation on the bill amount is only a
subsequent accrual after the completion of the transaction. The
increase/decrease in exchange fluctuation
being reported under TN VAT. Subject to the
assessee thus exhibiting the turnover of . 87.48 lacs as scrap sales, i.e., as a
component ... difference - to that
extent, where not reduced, similarly, from the turnover in the VAT return/s.
After all, the return of goods would only
lower volumes, resulting in a
higher proportion of such costs (to turnover). In fact, such expenditure may also
be on a higher side ... much as it could cause to even out the fluctuations over time, decreasing the
imbalances and differences (between the comparables and the tested party) that
Sterlite Industries (India) Ltd., ... vs Additional Cit, Chennai on 29 March, 2017
आयकर अपील
य
Acit, Chennai vs M/S. Ppn Power Generating Co. Pvt. Ltd., ... on 22 August, 2017
Bahwan Cybertek Private Limited, ... vs Acit, Chennai on 31 August, 2017
आयकर अपील य अ
