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1981 (3) TMI 120 - ITAT DELHI-DExtract: .......is case, we feel that the rate of profit 8 per cent would be fair and reasonable. The income should be determined by applying this rate on the gross receipts of Rs. 6,43,797 after excluding the cost of material supplied by the concerned Department. 7. In the result, ITA No. 1402 (Del)/1980 is partly allowed and ITA No. 1566 (Del) 1980 is dismissed.
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