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2022 (5) TMI 726 - ITAT DELHIEstimation of assessee's income by adopting net profit ratio 12% of net contract receipts - whether it is excessive and unreasonable? - HELD THAT:- As respectfully following the aforesaid order of coordinate Bench of ITAT, Delhi in the case of Nand Kishore Pundir [2015 (7) TMI 1403 - ITAT DELHI] in the specific facts and circumstances of the case before us, we direct the Assessing Officer to determine assessee's income by adopting net profit ratio of 8% on the net contract receipts of the assessee. - Decided in favour of assessee.
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