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2017 (12) TMI 1477 - ITAT MUMBAI
Bogus purchases - estimation of income - Held that:- Since in the case of M/s. Modern Road Maker Pvt. Ltd. the Tribunal has given the reasons [2017 (12) TMI 1394 - ITAT MUMBAI], respectfully following the same, direct the Assessing Officer to estimate the profit @5%. Since in all the appeals filed by the assessee the issue involved is common, we therefore following the decision for A.Y. 2006-07 direct the Assessing Officer to estimate the profit @5%.