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1980 (6) TMI 48 - ITAT BOMBAY-BExtract: .......ar, the ld. AAC applied the rate of 9.5 per cent. That finding was accepted by the Department. Looking to the aforesaid facts and the evidence on record, in our opinion, the gross profit rate of 9 per cent shall be applied on estimated sales of Rs. 9,60,000. The assessee shall get relief accordingly. 6. In the result, the appeal is allowed in part.
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