A.Y. Total sales G.P. G.P. %
2004-05 6,03,52,721 51,84,869 8.59%
2003-04 6,15,15,472 39,52,596 6.43%
The Assessing Officer noticed that assessee is getting job work done from
several parties. It is also consuming colour and chemical. Total consumption of
colour and chemicals was at Rs.1,31,39,595/- whereas in the immediately
preceding year, the consumption was at Rs.85,89,851/-. Total turnover on the
other hand had decreased. The AO required the assessee to give details of the
parties from whom colour and chemicals were procured. He sent noticed
u/s.133(6) of the Act on 12 parties as under:-
