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
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
open market and not because the working capital cost increases or decreases the profit margin.
Hence we find no merit in this claim ... comparables are to be excluded.
(i) Infosys BPO Limited - where the turnover is Rs.1,312 Crores and has a global
brand value with
Lastly Eclerx does not satisfy turnover criteria as, against the
Assessee's turnover of Rs.26 crores, the turnover of Eclerx
Services ... greater than the 10
times turnover of the assessee.
There are various court rulings wherein 10 times turnover criteria
is considered for eliminating comparables
resulted into
over-statement of GP during such year with the
corresponding decrease in the year under consideration. If
such error would not have crept ... Under (A.Y. 2006-
Consideration] 07)
1 Turnover 725.19 684.71
2 Gross Profit (as per books) 198.19 356.06
3 Value of scrap related
address offered by the
appellant-assessee. The AO noticed that the turnover of the assessee-company has
reduced considerably from Rs.36.24 crores ... these
expenses, as also submitted that through the value of sales had decreased the
quantity have in fact increased due to a change
management fee payment does not satisfy the benefit test because though
the turnover of the assessee went down from 126.59 cr to 62.95 cr over ... over
the same period. The profitability has decreased substantially over the same
period.
It was explained that the US AE was very helpful in delisting
authorities below is that there has been decrease in the
profits. The reason for decreasing profits is not connected with the services rendered
by Rehau ... financial year 2007-08. Whereas, there is no corresponding
increase in turnover during Financial Year 2008-09 as expected after installation of
additional production line
explained that in the year under consideration the assessee has
made total turnover of Rs.36.85 cores and declared GP rate of
2.39%. However ... crores and GP rate of 1.49% in assessment
year 2006-07 and turnover of Rs.24.51 crores with GP rate of
2.55% in preceding
domestic as well as
export sales which would decrease or increase every year depending
upon the decrease or increase in the sales. This payment ... would be
that the amount of royalty paid by the assessee on turnover basis for use of
technical information and assistance is invariably on revenue
