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2011 (1) TMI 1349 - AT - Income TaxExtract: .......entions and gone through the facts and circumstances of the case. We are of the view that once the books of account are rejected and GP rate is applied, no further addition can be made on account of disallowance of expenses. Accordingly, this issue of assessee’s appeal is allowed. 9. In the result, assessee’s appeal is partly allowed. T
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