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2013 (12) TMI 412 - ITAT HYDERABADEstimation of profit @ 5% of turnover - Held that:- The Assessee has disclosed 3.59% in AY 2008-09 - Most of the expenses on hire charges were through self- made vouchers. These vouchers cannot be verified in anyway - Decided against assessee. Whether commission of Rs. 4,59,145/- and additional income of Rs. 30,00,000/- to be taxed under the head income from business or profession – Held that:- The additional income and commission income relates to the assessee’s business of “Lorry freight” – These should be assessed as income from business and profession - Decided against assessee.
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