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2011 (12) TMI 724 - ITAT INDOREExtract: .......fy both the orders of the lower authorities and direct the AO to apply net profit rate of 1.5 % in place of net profit rate of 1.25 % as shown by the assessee. We direct accordingly. 6. In the result, the appeal of the Revenue is allowed in part in terms indicated hereinabove. This order has been pronounced in the open court on 21st December, 2011.
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