82Bang/2017
Page 19 of 28
expansion, the turnover increase/decrease should have been
compared with 3-4 preceding/succeeding years ... view of the
assessee's explanation of expansion, the turnover
increase/decrease should have been compared with 3-4
preceding/succeeding years.
The appellant
that payment of commission must
increase the turnover and in the decreasing turnover no sales
commission can be paid.
8. The ld. DR vehemently supported ... family
members which could not be justified because of decreasing turnover
as well as the fact that out of 6 family members, 3 are ladies
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
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
M/S Informatica Business Solutions P ... vs Deputy Commissioner Of Income Tax, ... on 25 April
increase or short fall in the actual turnover would proportionately
increase or decrease the portion of cost to be absorbed by the group
company which
accepted as a
matter of principle that increase in turnover will result in
decrease in net profit.
8. In the case of a contractor ... reproducing the
comparative decrease for both the asst. years:-
Item A.Y. 2004-05 A.Y. 2005-06
(Rs.0 (Rs.)
Turnover
assessee has submitted
that the turnover of the assessee is Rs.86 Crores whereas the turnover of the
Laxmi Machine Works Ltd. is Rs.1745 ... 7861/Mum/2011) and submitted that while
considering the issue of turnover filter in case of ITES the Tribunal observed
that the concept of economy
loss is in respect of current year's turnover or earlier year's
turnover. Since there is no finding of authorities below ... same is
related to turnover of earlier year then the same should be ignored because in
that situation, the corresponding turnover is not forming part
respectively from the total turnover being
ITA Nos.637 &
645 to 647/Bang/10
Page 13 of 17
discount to customers while computing deduction ... leading to decrease in value of sales. Therefore, it is obvious that
the trade discount has to be reduced from the total turnover. Thus,
this
