rate
was prejudicially decrease in the present year but the turnover has increased
and therefore, the same was rightly accepted by the CIT(A). Hence
year under consideration, the
turnover of the appellant company has significantly increased,
as a result overhead expenses per unit were decreased. The
detail
year. Looking to the 250 times increase in the turnover, we
found that the marginal decrease in the G.P. is reasonable
operating assets) but at a
decreasing rate. Hence, it is appropriate to apply upper turnover
filter based on the classification of companies
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
rate
was prejudicially decrease in the present year but
the turnover has increased and therefore, the same
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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
M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April
linked with the sales and with every increase / decrease in the
sale, such expenditure also increase / decrease e.g. Transportation, Hamali Wages ... there can`t be any situation
where despite there being huge turnover around Rs. 30 crore yet however, not a
single penny on account
increase
the sales, margin of GP has slightly decreased in as much as the
turnover is roughly doubled. Thus, there is full justification ... increase the
sales, margin of GP has slightly decreased in as much as the turnover is
roughly doubled . The assessee did not submitted details