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4. Now the assessee is appeal before us. The ld AR of the assessee has submitted that in A.Y. 2007-08, there was a lump sum addition made by the Assessing Officer at Rs. 2 lacs, which has been sustained by the Hon'ble ITAT at Rs. 1.00 lac. The assessee has engaged in the wholesale trading of medicines and is covered by the stringent provisions of the Drugs and Cosmetics Act, 1940 and Drugs and Cosmetics Rules, 1945. The assessee cannot purchase and sale of the medicines without bill even the batch number of the medicine as specified at the time of purchase, which is being mentioned in each and every sale invoice. Any violation of the Drugs and Cosmetic Rules, which resulted into heavy penalty and prosecution. Pharmaceutical industry cannot be equated with any other sector. Since the assessee company deals in large quantities of different medicines, it is not practical for it to maintain day wise stock register. If any difference is found in the stock, it is mitigated by physical verification at the time of closing date. The ld Assessing Officer has rejected the book result on the basis of not maintaining stock register and applied the GP rate. During the year, the management of the company underwent M/s Sitrocs Zenetica India Pvt. Ltd. Vs ACIT change which not only resulted in decrease in the turnover by 15% but also resulted into shrinking of the margins. Therefore, he prayed to reverse the order of the ld CIT(A).