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2012 (5) TMI 797 - ITAT HYDERABADExtract: .......ofit at 5% of the purchases or stock put for sale during the year subject to the assessed income not less than returned income. Therefore, the order of the CIT(A) is hereby upheld on this count and dismiss the ground of appeal of the assessee. 11. In the result, MA is allowed and appeal is partly allowed. Pronounced in the open court on 18/05/2012.
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