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2016 (7) TMI 1449 - AT - Income TaxEstimating the net profit at 5% of the cost of the goods sold - Held that:- As relying on case of Sri Venkateswara Wines [2015 (11) TMI 1746 - ITAT HYDERABAD] we direct the A.O. to adopt 3% of the cost of goods sold as the income of the assessee.
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