failed to appreciate that the percentage of transportation expense to the
turnover has decreased by 1.50% as compared to the previous year.
4. The appellant
year under
consideration the gross turnover of the assessee has been reduced to Rs. 629.82
lacs compared to gross turnover of 863.12 lacs to preceding ... ACIT .
Asst.Year - 2013-14
20.73 lacs in spite of decrease in the turnover of the asssessee. Therefore, the
assessing officer has asked the assesse
that the increase in the expenses under this head is 30.73%. The
turnover of the appellant has increased from Rs. 4.29 crores ... matter of fact, the
increase/decrease of the expenses as well as turnover does not take place in a
mechanical manner since various factors result
year under
consideration the gross turnover of the assessee has been reduced to Rs.
629.82 lacs compared to gross turnover of 863.12 lacs to preceding ... lacs to Rs. 20.73 lacs in spite of decrease in the turnover of the asssessee.
Therefore, the assessing officer has asked the assesse to justify
management fee payment does not satisfy the benefit test because though
the turnover of the assessee went down from 126.59 cr to 62.95 cr over ... over
the same period. The profitability has decreased substantially over the same
period.
It was explained that the US AE was very helpful in delisting
proportion of export
turnover of the eligible services to the total turnover of the business
carried on by the assessee. It is significant to note ... present case of appellant, such gains were reduced from
the export turnover but not from the profit / business income of the
eligible unit
Vodafone India Services Private Ltd.,, ... vs The Deputy Commissioner Of Income Tax, ... on 23 January
The Dy. Commissioner Of Income Tax, ... vs Real Strips Ltd.,, Ahmedabad on 31 May, 2018
The Dcit, Circle 8,, Ahmedabad vs Spx Flow Technology (India) Pvt. Ltd. ... on 12 December
M/S. Kasturbhai Motilal & Bros, ... vs The Income Tax Officer,Ward-11(4),, ... on
