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2014 (4) TMI 706 - AT - Income TaxDetermination of profits in the business of wines – Rejection of books of accounts – Held that:- There was no reason to interfere with the order of the CIT(A), following Income-tax Officer, Ward 1, Warangal Versus Shri P. Ramaiah, Warangal and others [2013 (12) TMI 1001 - ITAT HYDERABAD] - consistent directions has been made to adopt the rate of 5% of the purchase value or stock put to use whichever is more – thus, the order of the CIT(A) upheld – Decided against Revenue.
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