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2018 (2) TMI 1653 - AT - Income TaxRejection of books of accounts - N.P. determination - Held that:- Nothing comes from the revenue’s side to controvert the CIT(A)’s detailed findings extracted in preceding paragraph. We thus find no substance in revenue’s argument seeking to revive Assessing Officer’s action rejecting assessee’s books followed by estimation of net profits @ 25% in the impugned assessment year. Revenue’s two substantive grounds in the instant appeal are therefore declined.
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