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Large cash deposit during demonetization and abnormal increase in sales with decrease in profitability compared to preceding previous years". Accordingly statutory notices ... course of the assessment proceedings, the Assessing Officer noted that the turnover of the assessee for the year is 26,22,34,894/-. The assessee

which Page 5 of 8 ITA No. 2255/Hyd/2018 goes on decreasing year after the year. Generally, in the initial years it would ... crores, Rs. 18.97 crores and Rs. 5.25 crores on a turnover of Rs. 46.82 crores, Rs. 60.52 crores & 41.03 crores for the assessment years