justification of increase in this expense was found
acceptable while the turnover was decreased.
21.2 Submission made by Ld. Counsel for the assessee ... expenses incurred by the assessee
during the year even though the turnover has
decreased, but the increase in price is beyond the
23
Anant Steel
years of the appellant shows that turnover in the current
year is similar to turnover in the assessment year 2009-10 and in that
year ... DCIT, Jaipur
similar turnover the N.P. was 2.30%. Further, the expenditure has
increased even when the turnover has decreased. The Authorized
Representative
about 2.48% on a
turnover of about Rs. 18 crore and in the relevant year the turnover has
decreased to about Rs. 7.5 crores
failed to appreciate that the percentage of transportation expense to the
turnover has decreased by 1.50% as compared to the previous year.
4. The appellant
expenses reimbursed by
the Company were reasonable to the turnover of the Company
and decreased over the period of time. -The statement of shared
service ... expenses reimbursed by
the Company were reasonable to the turnover of the Company
and decreased over the period of time. The statement of shared
service
previous years'
appellate order without ignoring the increase or decrease in turnover of
assessee company each year. The said addition was without taking care
showing its turnover
almost static which is evident from the chart given below:
ITA No.1131/Ahd/2011-2
3
A.Y. Turnover ... substantiating documents. It is further seen that, even
though the turnover has decreased as compared to immediately preceding
assessment year, i.e. A.Y.2006
Hero Motocorp Ltd., New Delhi vs Dcit, Circle- 11(1), New Delhi on 23 April
which is slightly decreased
from previous year net profit of Rs. 5,14,19,208/- on total turnover of Rs.
89,71,37,753/- showing
expenditure of wages with that of previous year and its corresponding
turnover. The A.O. had not pointed out any specific defect in the wages ... contrary to the finding of A.O.
the expenditure had decreased and the turnover has increased. It was
further submitted that the assessee has deducted
