Department has nowhere mentioned in the relevant clause for the
financial cumulative turnover for the last three years. The employer's
request for clarification ... shall be in writing and no
change including any voluntary increase or decrease in the price or
substance of the bid shall be sought, offered
come to the conclusion that the
addition made to the book turnover on the basis of the survey
results was proper and the Appellate Assistant ... product must
also decrease in quantum and in the absence of other materials
this was a sound basis for fixing the turnover, supports our view
company have decreased by 69%. But, fact remains
that the annual report of the company is available in public domain
and its turnover has marginally ... change in financial results and the
industrial sales of the company has decreased by 69%, when
compared to previous financial year. The Ld. DRP further
appellant
has though decreased during the year but it is to be noted that the sales turnover
has increased substantially. In the given circumstances
rate as applied by the CIT(A) at 5% of the turnover was
confirmed discarding the application of N.P. rate ... gross contract receipts invoking S.44Ad of the Act 'when the turnover
of the assessee had exceeded the Rs. 40 lakh limit prescribed
turnover. She stated that
in financial year 2020-21, the petitioner had itself projected a rise of more
than 77.85% in the turnover ... dated
31st July, 2020 to contend that there had been a drastic decrease in the profit
before tax as a percentage of Gross Revenue
arises how to determine the profit element. For
this purpose, the total turnover and percentage
of gross profit for the earlier three years was
obtained ... gross profit rate was also decreasing every year
and in the year under consideration it has
decreased to 3%. It is also an established fact
fixed assets, stating that
the ratio of such intangibles to its turnover is around 5% only, which is
not material enough for influencing the pricing ... performance of the company, contrary to
which, the profitability has only decreased in the F.Y 2009-10 as
compared
from its investments in developing the value of
a trademark from its turnover and market share where it has a long-term
contract of sole distribution ... additional
return from the owner of the trademark, perhaps through a decrease in the
purchase price of the product or a reduction in royalty rate
V.Narayanasamy vs The Union Of India on 21 February, 2020
Author: C.V.Karthikeyan
