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2005 (5) TMI 577 - ITAT AHMEDABAD
Extract:
....... at the address given, since the profit disclosed by the assessee is quite reasonable, no addition on this account can be sustained. We, therefore, find no merit in Ground Nos. 2 and 3 of the Revenue rsquo s appeal. The same are rejected. 19. In the result, the assessee rsquo s appeal is dismissed while the Revenue rsquo s appeal is partly allowed.