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2016 (12) TMI 170 - AT - Income TaxAdditions based on net profit ratio - Held that:- As we have noticed that it is not necessary that a businessman should always earn the profit. The profit includes loss also. The AO did not bring any cogent material on the record to show that there is a suppression of income or there is a siphoning of funds, the addition made by the AO is purely based on the surmises, conjectures and guess. Therefore, we do not hesitate to confirm the order of the ld. CIT(A). - Decided against revenue
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