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2024 (2) TMI 744 - ITAT DELHI
Estimation of income - Bogus purchases - CIT(A) has disallowed 25% of the purchases on the grounds that the assessee could have made some super profits - HELD THAT:- As relying on NKG Infrastructure Ltd. [2023 (6) TMI 1272 - ITAT DELHI] we hold that justice would be well served if the profit on these purchases is determined at 12.5%. Appeals of the assessee are partly allowed.