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2008 (9) TMI 418 - AT - Income TaxExtract: .......cannot be applied. The assessee shall be free to contend as to what should be the ordinary profits which can be expected to arise in such business and whether any adjustment can be made by invoking provisions of s. 92 or not. The matter is accordingly restored back to the file of the AO. 7. For statistical purposes the appeal is treated as allowed.
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