with
independent auditor's report. The turnover of the assessee excluding other
income and increase/decrease in stock, for the year under consideration ... bank statements were already made available and are again being furnished.
The turnover of the assessee in the year under consideration
Gross profit ration for last three years is as under: -
A.Y. Turnover Gross Profit G.P. Ratio ... ratio, it is observed that the Gross profit ratio is
decreasing sharply without any valid reasons. As discussed above, the
assessee has inflated the purchases
turnover of the assessee during the year under consideration is 68.67 crores and in
immediately preceding year i.e., A.Y. 2016-17 the turnover ... During A.Y. 2017-18 cash sales of the assessee have decreased to Rs 30,29,35,660/- as
compared to cash sales
account on conjectures alone, purchases have been
doubted while assessee's turnover of Rs.11,64,308/- from its trading
operations in the business ... addition of Rs.
37,00,000/- the AO stated that there is decrease in cash sales as compared to
immediately preceding year
Hero Fincorp Limited,New Delhi vs Acit, Circle 11(1), Delhi, C.R. ... on 16
Rb Diversified Pvt. Ltd.,New Delhi vs Dcit Central Circle-1, Noida on 25 March
Verizon Communications India Pvt. ... vs Addlcit, New Delhi on 25 February, 2026
IN THE INCOME
Om Welfare Society,Hisar vs Acit Exemtption, Haryana on 25 February, 2026
IN THE INCOME
year should not be estimated at the rate of 18% of turnover as against 3.83%
reported by the assessee. The assessee vide letter dated ... trust the above explanation will meet with your requirements
justifying the decrease in Gross Profit ratio. In case you require any further
particulars
