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2012 (11) TMI 1142 - HC - Income TaxExtract: .......t the same was done contrary to any accounting principle. That being the situation, the question is answered in favour of the assessee and against the appellants, inasmuch as, in the accounts, it has been shown that the profit, in fact earned, was less than the deemed profit mentioned in Section 44BB of the Act. 3. The appeal is, thus, disposed of.
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