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1982 (6) TMI 131 - AT - Income TaxExtract: .......m during the year under appeal. In the proceeding year, the HUF showed GP rate of 13 per cent on the total sale of Rs. 1,26,159. The sales, no doubt, have increased during the year under appeal. Considering these facts, I agree with the AAC that the GP rate of 12 per cent is quite reasonable on the facts of the case. . The appeal is partly allowed.
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