higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
higher compared to the preceding years
and due to increase in the turnover, the semi-variable expenses increase
gradually and there is slight difference between ... assessee. Therefore, the saving
in semi-variable expenses will compensate the decrease/increase in the
profit which is very much less in percentage as noted
additional chamber was taken on hire.
The processing of meat has slightly decreased at
Muzaffarnagar but the firm had to maintain an adequate
level ... availability of space
in ships to the required destinations. The turnover cannot
form the basis of requirement of preservation facilities.
There may be times when
raised by assessee is in respect of application of
upper limit of turnover in respect of following comparables and
seeking its exclusion.
a) Infosys ... limit on the turnover while selecting the companies
comparable to the assessee. In this regard, it is submitted that
application of turnover filter
crores turnover filter. The Ld.AR filed the following details in
respect of the comparables for which the upper turnover filter
has not been applied ... upper limit on the turnover while selecting the companies
comparable. In this regard, it is submitted that application of
turnover filter is relevant criterion
observed by
the A.O that the comparative figures of the turnover and gross profit of the
company were as under ... Parbati Scrap Processor Pvt. Ltd.
ITA No. 205/RPR/2019
A.Yr. Turnover Gross profit G.P rate
comparables deserves to
be excluded on application of upper turnover filter.
Sl. Turnover
Name of the Company
No. (in crores)
1 Exilant Technologies ... upper limit on the turnover while selecting the companies
comparable. In this regard, we note that, application of turnover
filter is a relevant criterion
liquor remains
more or less the same and has a tendency of decreasing with the increase in
prices due to social and economic reasons ... cases in liquor business in the AY
2016-17:-
Name of firm Turnover Gross Gross Net N.P.%
profit profit % profit
Umesh Ashok Joshi
