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2011 (3) TMI 165 - PUNJAB AND HARYANA HIGH COURTDtermination of net profit @ 10% or 12% - Maintenance of books of accounts - Addition - The Tribunal on appreciation of the factual situation that in assessment year 2004-2005, the net profit rate of 8% was applied which had been accepted by the Department and for the assessment year 2005-2006, the net profit rate of 1.45% was applied after allowance of salary and interest paid to the partners, had held that the net profit rate of 10% for this assessment year was reasonable and justified. - Accordingly decided against the revenue
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