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1976 (10) TMI 72 - ITAT PATNAExtract: .......o justify the adoption of the rate of gross profit at 5 per cent. His order cannot, therefore, be restored. There is nothing on record to suggest that the AAC has not exercised his discretion in a judicial manner in reducing the estimated sales and the rate of gross profit. I, therefore, confirm his order. 8. In the result, the appeal is dismissed.
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