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
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
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
decrease in the prices of scrap and poor market
conditions, there was steep reduction in the business
of sales of scrap which affected the turnover
Sony Ericsson Mobile Communications ... vs Commissioner Of Income Tax ??? Iii on 16 March, 2015
Author
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