While checking the data it has been observed that the total
turnover of the company has fallen in the very next month of the incident ... certification.
Our observation are as follows:
Loss of Business due to decrease in Turnover 36,63,553/-
Loss of Profit due to decrease in Business
from the information
provided by the assessee it was obvious that the turnover in
the expanded unit had increased from Rs.65.49 lacs ... first unit. Finally, the tribunal held:-
“Though increase or decrease in the turnover by itself may
not be of much consequence in the scheme
instant case, the issue is with regard to the term “Total
turnover”.
6. The assessee is a manufacturer and exporter of stainless steel
utensils ... that if the total turnover increases, the
advantage which the assessee would get under Section 80HHC would
decrease because the amount deductible substantially depends upon
turnover is above Rs. 40 lakhs. But then it cannot be said that as and when the turnover increases, the net profit decreases
petition is not maintainable because the petitioner has not alleged that his turnover exceeds Rs. 40,000 so as to make him liable ... indulging in a running business whose turnover is not fixed but is liable to increase or decrease and, therefore, if the petitioner believes that
Foreign Award and continues
till date. During this period the turnover increased
substantially and was in the region of Rs. 10/-
Crores ... Companies being IKM Ltd. whose
turnover increased dramatically between the
period 2002 to 2008 while that of the Respondent
decreased and became almost negligible
guidelines stated. The qualification of annual turnover is arrived in formula basis and it will be increased or decreased according to the period of completion ... crore.
The calculation of annual turnover is increased when the period of completion is in shorter and decreased when the period of completion is longer
business of the 1st defendant in the bank decreased and the turnover, in the various accounts registered a steep decline. Taking note of this
nature which is that when the decrease in
production level does not immediately reflect corresponding
decrease in the sales due to peculiar nature ... losses are there but are not reflected in
decrease in sales or turnover, the alternative basis which is
output method is adopted to arrive
Rubinetterie Bresciane Bonomi Spa vs M/S.Lehry Instrumentation & Valves ...
Author: N. Sathish Kumar
