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2013 (4) TMI 882 - AT - Income TaxExtract: .......f 5.75 estimated by CIT(A). Accordingly, Assessing Officer is directed to compute the profit by applying net profit rate of 6.25 on the gross contract receipts. We direct accordingly. 13. In the result, the appeal of the assessee is dismissed whereas the appeal of the Revenue is partly allowed. (Order was pronounced in the open court on 17/04/2013)
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