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2006 (8) TMI 167 - HC - Income Tax
Extract:
.......j) as no deduction was allowed to and claimed by the assessee in respect of the purchases. When the gross profit rate is applied, that would take care of everything and there was no need for the Assessing Officer to make scrutiny of the amount incurred on the purchases by the assessee. No substantial question of law arises. The appeal is dismissed.