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2021 (12) TMI 923 - ITAT MUMBAIEstimation of income - Bogus purchases - estimation of gross profit at 12.5% - HELD THAT:- As relying in assessee's ow case [2021 (12) TMI 52 - ITAT MUMBAI] we direct the Assessing Officer to estimate the Gross Profit element from tainted purchases at 1% as against 12.5% estimated by the Ld.CIT(A). Accordingly, the grounds raised by the assessee are partly allowed.
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