erred in not applying a cap
on upper limit on the turnover/service revenue while selecting the
IT(TP)A No.237/Bang/2021
Page ... Assessee. In this regard, it is submitted
that application of turnover filter is a relevant criteria in choosing
comparable companies. It is submitted that
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
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
decided to enter in domestic market in addition and
started doing small turnover to domestic customers also. Initially it received
good response from domestic market ... turnover for Rs
210.37 Lakh and 428.60 Lakh plus export turnover of Rs. 1497.62 Lakh and
1550.87 Lakh respectively and covered downfall in export turnover
assessee
submitted that the assessee had declared a turnover of Rs.21,26,644/- on which the
N.P. Rate of 11.80% has been declared ... Rate of 13.14% in
the immediately preceding year. This slight decrease in the profit rate was due to
growing competition in the field
duce d). Due to e ffo rt of directo rs turnove r has increased
year after ye ar but net profit has de cline ... contro l on othe r
expenses in te rms of percentage of turnover. T he comparative ratio
of GP and N P is shown below
appellant .The
AO has claimed that there has been sharp decrease in the Net profit of the
business concern vis a vis previous year ... allowed accepted all the
expenses due which there has been sharp decrease in the net profit. AO
has accepted the Online Expenses and Rental expenses
Sunweta Steels Ltd
turnover has fallen down from 1.73 crore to 1.57 crore due to
recession in the steel industries and despite that the assessee ... various expenses and amongst them are the
professional fee expenses which was decreased from Rs. 30.71
lakh to Rs. 24.23 lakh. This includes the deduction
Rajkamal Builders Infrastructure ... vs Asstt. Commissioner Of Income ... on 13 May, 2022
आयकर अपील य
Torrent Pharmaceuticals Ltd.,, ... vs The Deputy Commissioner Of Income Tax ... on 22 February, 2022
आयकर
