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(i) In A.Y.2007-08, G.P. has reduced by 0.80% from A.Y.2006-

07 but it has increased by 3.58% as compared to A.Y.2005-06. Therefore, marginal decrease compared to earlier year but 100% increase compared to year before earlier year justified the same.

(ii) In A.Y.2007-08, the turnover has exceeded by 3 times compared to A. Y.2006-07. This is one of the reasons that when turnover increases profit ratio decreases.

(iii) The assesses company has maintained day to day stock records of raw material as well as fin/shed goods.