Pr. Commissioner Of Income Tax-7, Delhi vs Uk Paints India Pvt. Ltd. on 3 December, 2024
crores. Thus, whilst the increase in the
turnover was around 40%, the exempt income had decreased by almost 60%.
7. Given the nature of income ... account pertains to manufacturing activities, there is
increase in business turnover by 40% and decrease in exempt
income by 60% in comparison to last year