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2015 (3) TMI 840 - HC - Income TaxN.P. estimation - ITAT instead of estimation of income at 8% on the basis of Section 44AD, as done by AO directed application of 2.5% as the net profit margin - Held that:- The ITAT apparently took note of the profit rate for other previous years and had, on an average exercise, concluded that the NP rate ought to be 2.5%. In the circumstances, it cannot be said that the reasoning is unsustainable or so erroneous as to call for interference under Section 260A of the Income Tax Act, 1961. No substantial question of law, therefore, arises - Decided against revenue.
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