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1993 (3) TMI 165 - ITAT INDOREExtract: ....... purchased Bidi from it. The accounts of commission were not finalised and, therefore, the correct income could not be ascertained, nonetheloss, the learned counsel contended that the estimate of income at Rs. 1.75 lacs was just and proper. This explanation is acceptable. The penalty of Rs. 1,500 is deleted. 4. In the result, the appeal is allowed.
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