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2020 (8) TMI 302 - AT - Income TaxEstimation of Income - bogus purchases - CIT-A restricted addition to 12.5% as against 100% addition made by the A.O. - HELD THAT:- As relying on SIMIT P SHETH [2013 (10) TMI 1028 - GUJARAT HIGH COURT] CIT(A) has rightly applied the profit rate at the rate of 12.5% and now, before us Revenue could not find any fault in the order of CIT(A) in estimating the profit at the rate of 12.5% of the bogus purchases - we confirm the same. This issue of Revenue’s appeal is dismissed.
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