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Shri Manjit Singh Bagga ================= When the turnover increases it is common knowledge that profit ratio will decrease automatically. In other words, the profit ratio will decrease when the turnover increases. By taking into consideration of the competition in the business incentives given by the manufacturers and the profit ratio shown by the assessee from the A.Y. 1997-98 and the profit estimated by this Tribunal in assessee's own case for A.Y. 2001-02, in our opinion, estimation of profit at 3% of the purchases made by the assessee would meet the ends of justice. In other words, estimation of profit at 3% of the purchases at Rs.5,44,21,009 would meet the ends of justice. Accordingly, we direct the Assessing Officer to estimate the profit at 3% on the purchases of Rs.5,44,21,009.