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2010 (12) TMI 1227 - AT - Income TaxExtract: .......re find no infirmity in the order of the CIT. Accordingly, we direct the AO to estimate the net profit at 6.5 on gross contract receipts of ₹ 6,71,58,735/- and thereafter no further allowance would be allowed to the assessee. 6. In the result, the appeal of the revenue is partly allowed. Pronounced accordingly in the open Court on 27.12.2010.
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