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1996 (7) TMI 187 - AT - Income TaxExtract: .......closing stock in the shop by adopting a gross profit rate of 23 , and the stock in the godown which was representing old and outdated stock, by adopting a gross profit rate of 14 , and thus sustaining a round sum addition of Rs. 40,000. We accordingly uphold the order of the Commissioner (Appeals). 12. In the result, assessee s appeal is dismissed.
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