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2013 (10) TMI 1184 - HC - Income TaxRate of gross profit on undisclosed sale - Assessee himself has admitted that unaccounted sales were affected – Held that:- The Assessing Officer has adopted the gross profit on the basis of gross profit shown by the assessee for the recorded sales. In most of the cases, the gross profit was shown by the assesse on recorded sales at 11.2% and the Assessing Officer had adopted the same at 13% - This order of AO is confirmed.
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