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2013 (8) TMI 444 - AT - Income TaxPartial deletion of trading addition - A.O. made trading addition by applying higher profit rate after rejection of books of accounts - CIT partially deleted addition and sustained partial addition by applying other profit rate - Held that:- CIT(A) on the one hand accepted the net profit rate declared by the assessee and on the other hand sustained ad hoc addition without pointing out any specific leakage or shortcomings in the net profit - addition sustained by learned CIT(A) was not justified particularly when he was of the confirmed view that when the assessee had shown better results in the current year, the other related omissions/shortcomings towards books of account became insignificant and redundant, therefore, no trading addition could have been made in such a situation - Decided against Revenue.
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