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2011 (11) TMI 837 - AT - Income TaxExtract: .......ppeal is considered partly allowed. The Assessing Officer is directed to bring to tax 3% of the GP on the tainted purchases, as was done in earlier years and later year as upheld by the ITAT. The grounds are determined accordingly. 14. In the result, revenue’s appeal is partly allowed. Order pronounced in the open court on 30th November 2011.
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