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2016 (5) TMI 1408 - AT - Income TaxEstimation of net profit rate of 2% made by the AO as against 0.15% offered by the assessee on the ‘gross receipts’ - Held that:- On the perusal of the impugned orders and on similar other decisions as relied before us, we find that the Tribunal has upheld the net profit rate of 0.15%. Thus, consistent with the view taken in various similar matters, we also uphold the rate of commission / net profit rate from such activity at 0.15%. Accordingly, this issue is decided in favour of the assessee.
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