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The assessee appealed against the AAC's order confirming an addition in the trading account due to low GP rate. ITO added Rs. 10,000 after applying a GP rate of 9%. ITAT found no interference warranted, deleted the addition, and allowed the appeal. (Case: Appellate Tribunal ITAT INDORE, Citation: 1981 (7) TMI 119 - ITAT INDORE)
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