ITA No.1131/Ahd/2011-2
3
A.Y. Turnover
2002-03 Rs.3,56,98,780
2003-04 Rs.3,38,00,414
2004-05 Rs.3,87,62,741
2005-06 Rs.3,79,31,575
2006-07 Rs.3,52,48,694
4.5. Inspite of repeated requests to furnish the basic details such as month-
wise consumption of raw material, production, sales tax returns for
comparison of actual production and sales, etc. the assessee could not
furnish any of the details. No regular books are maintained by the assessee
to record the cash sales made by it, despite the fact that a major portion of
the business is carried out through cash sales. In view of these facts, the
book result or the books of accounts maintained by the assessee are not
reliable and it is not possible to correctly verify or determine the profit from
these books of accounts. The figures shown in the books of accounts are
not supported by any substantiating documents. It is further seen that, even
though the turnover has decreased as compared to immediately preceding
assessment year, i.e. A.Y.2006-07, the expenses under the following heads
have shown significant increase:-
