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2018 (3) TMI 438 - HC - Income TaxNet profit determination - Net profit ratio of 2.5% of total turnover - Held that:- Referring to the law laid down in the case of Telelinks versus CIT (2014 (12) TMI 570 - PUNJAB & HARYANA HIGH COURT), we are of the view that learned Tribunal has rightly assessed the net profit at the rate of 2.5% of total turnover instead of 5.2% and directed the Assessing Officer to calculate the net profit accordingly. No substantial question of law arises in this appeal.
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