Indian Kanoon - Search engine for Indian Law

Further, inclusion of turnover of Koramangala unit in total turnover will decrease the deduction u/s. 80 HHC. Effect of both these factors will decrease

Tolal export Total export Incremental goods/ turnover dur- turnover dur- export merchandise ing preceding ing the P. Y. turnover ... respect of the other item, viz., watches, there was a decrease in the export turnover as compared to the immediately preceding year. In its computation

instant case, the issue is with regard to the term “Total turnover”. 6. The assessee is a manufacturer and exporter of stainless steel utensils ... that if the total turnover increases, the advantage which the assessee would get under Section 80HHC would decrease because the amount deductible substantially depends upon

observed that besides decrease in the turnover m comparison to the last year, the telephone expenses have been increased tremendously After verifying the details

view that these expenses are required to be deducted from the export turnover for the purpose of computing deduction under Section 10A . It is also ... proceeds received abroad. That did not mean that the export turnover had to be decreased by the amount of remuneration paid to the foreign professionals

observing that though the turnover of the business has decreased from Rs.126.61 crores in assessment year 2002-03 to Rs.106.38 crores

instant case, the issue is with regard to the term "Total turnover". 6. The assessee is a manufacturer and exporter of stainless steel ... that if the total turnover increases, the advantage which the assessee would get under Section 80HHC would decrease because the amount deductible substantially depends upon

assessee was not including the sale proceeds of scrap in the total turnover but was showing the same separately in the profit and loss account ... that if the total turnover increases, the advantage which the assessee would get under section 80HHC would decrease because the amount deductible substantially depends upon

assessee was not including the sale proceeds of scrap in the total turnover but was showing the same separately in the profit and loss account ... that if the total turnover increases, the advantage which the assessee would get under section 80HHC would decrease because the amount deductible substantially depends upon

expenses cannot have an element of turnover. He also emphasized that for a receipt to be called as turnover, there should be an element ... assessee in either of the units to either decrease the total turnover or increase the profits of the business, thereby discharging the claim for deduction