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1998 (10) TMI 509 - AT - Income TaxExtract: .......) according to the provisions of law, he was justified in making an estimated addition by applying a flat rate of profit at 5 on the disclosed sales which resulted in an addition of Rs. 38,75,050. We, therefore, reverse the order of the Id. CIT(A) in this regard and restore the addition of Rs. 38,75,050 which has been made by the Assessing Officer.
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