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2016 (5) TMI 347 - AT - Income TaxDetermination of gross profit rate - Held that:- We find that the assessee has not maintained the stock register as to production of the items being manufactured by the assessee. Hence, the lower authorities have rightly invoked the provisions of section 145(3) of the Act. We further find from the record that Coordinate Bench vide its order dated 9-01-2012 in assessee's own case had made a lump sum addition of ₹ 5.00 lacs against gross profit rate of 8.81% shown by the assessee in the assessment year 2008-09. By respectfully, following the decision of Coordinate Bench in assessee's own case for the assessment year 2008-09 (supra) , a lump sum addition of ₹ 5.00 lacs is directed to be made which will meet the ends of justice to both the parties. - Decided partly in favour of assessee
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