from its investments in
developing the value of a trademark from its turnover and
market share where it has a long-term contract of sole
distribution ... additional return from the owner of the trademark, perhaps
through a decrease in the purchase price of the product or a
reduction in royalty rate
Vedanta Ltd (Earlier Known As Sterlite ... vs Acit, Circle- 26(1), New Delhi on 9
relating to allowance of deduction under s. 80HHC by considering the export turnover with reference to each category of goods and/or merchandise. With regard ... actual increase in this year neglecting such other items where there was decrease in the figure of export as compared to the last year
Appellate Tribunal have no authority to add a new item to the turnover and include therein what was not before the assessing authority for that ... with their order. In the normal cases this would result in the decrease of the tax liability of the appellant. The second proviso
same is rejected by rejecting the explanation of the assessee for decrease in the gross profit rate disclosed in the books of account, has made ... adopting a higher gross profit rate on the turnover disclosed by the assessee. The Commissioner of Income-tax (Appeals) accepted the explanation furnished
sales rate of the assessee was higher which resulted
to substantial decrease in sales of the assessee in AY 2009-10.
When the assessee lower ... Jaipur wherein
the GP of this firm 15.30% on declared turnover of Rs.
11,77,70,683/- was accepted. The copy of assessment order
from the year 2004-05 including the details of the
privilege fee, turnover and taxable income of the petitioner,
which is indicated in a Tabular ... clarity
and by comparison, the turnover of the petitioner. During the
period from 2004-05 to 2011-12, the turnover of the petitioner
has increased
from its investments in developing the value of a
trademark from its turnover and market share where
it has a long-term contract of sole distribution ... additional return from
the owner of the trademark, perhaps through a
decrease in the purchase price of the product or a
reduction in royalty rate
from its investments in developing the value of a trademark
from its turnover and market share where it has a long-term
contract of sole ... additional return from the owner of the trademark, perhaps
through a decrease in the purchase price of the product or a
reduction in royalty rate
alone ought to be considered, as the company fails the upper
turnover filter for FYs 2013-14 and 2014-15. (Ground No. 4.6 and
Additional ... turnover/service revenue while selecting the companies comparable to
the Assessee. In this regard, it is submitted that application of turnover
filter is a relevant
