Document Fragment View

Matching Fragments

8 ITA No.3736/Del/2023
• As per the submissions of the assessee, the turnover growth of his business is driven by over the counter cash sales of tobacco and perfumery products • These over the counter sales are of retail nature.
• Despite the growth in turnover being driven by over the counter retail cash sales of perfumery and tobacco products, the assesse has shown a decrease in gross profit ratio from 26.32% in FY 15-16 over a turnover of Rs 22,20,89,817/- to 20.51 % over a turnover of Rs. 41,71,85,857/-