assessment year 2001-02 was 0.56% of the domestic turnover but
decreased to 0.42% in the assessment year ... partly correct as the turnover is also reflected and forms part of the
corpus which is calculated @ 0.39% of the turnover. The vehicles sold
were
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
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
that the said amount also
included sums forming part of the turnover on account of providing
accommodation entries. Now, that radically changed the complexion ... determined the commission to be 1.5% on the said total turnover; the ITAT
decreased it. Nonetheless, the important fact is that the determination
export turnover of the plaintiff under these trademarks in the year 1998-99 was to the tune of Rs. 15,07,637/- which decreased ... year 2003-2004. The annual turnover in the domestic market of the plaintiff's business under these trademarks and label has gone up from
Maruti Suzuki India Ltd vs Additional Commissioner Of Income Tax ... on 1 July, 2010
Author
turnover returned for failure of the assessee to substantiate the same by books/purchase invoices the Assessing Officer determined the figure of turnover ... increase or decrease in the figures of sales of similarly situated traders. Though the order refers to the figure of turnover
Similarly, it was submitted that notwithstanding the Annual Turnover and the
Earnest Money Deposit Criterion, the terms of the impugned tenders allowed
all prospective bidders ... Annual Turnover requirement had been reduced from
INR 30 crore to INR 18 crore, whereas the EMD requirement had been
decreased from INR 35 lakh
decrease. Therefore, increase in absolute terms does not give the entire
picture. It requires a deeper analysis. Furthermore, the yearly figures of turnover given
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
