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
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
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
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 (Appeals) accepted the explanation furnished by the assessee
3701/Ahd/2007
reflected turnover of Rs. 8,70,36,023/- as against turnover of Rs.8,67,35,824/- in
the preceding assessment year ... year rate of Rs.11.31 per meter while there
was no decrease in job rates in printing metres. Accordingly, the assessee
submitted that these
Smartchem Technologies Ltd. vs Income Tax Officer on 28 July, 2005
Equivalent citations: (2005)97TTJ
Godfrey Philips India Ltd. vs Income-Tax Officer on 12 February, 1992
Equivalent citations: [1992
Goodyear India Ltd., Haryana vs Addl. Cit, New Delhi on 22 January, 2018
IN THE
