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2010 (12) TMI 640 - PUNJAB AND HARYANA HIGH COURTAddition - Estimation of net profit - The Tribunal while partly allowing the appeal of the revenue had held that the net profit rate as per books of accounts of the assessee worked out to 0.34% on sales of Rs.58.50 lacs and the books of accounts had rightly been rejected. - Held that: - e assessee was unable to point out any illegality or perversity either in the findings recorded or in the approach of the Tribunal in adopting net profit rate of 5% of the sales made in the facts of the present case, which may warrant interference by this Court. - Appeal dismissed.
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