TMI BlogAppellate Authorities Fail to Justify 13% Net Profit Rate; Lack Evidence for Estimation of 10% or 13% Profit.Estimation of net profit @of 10% or 13% - the appellate authorities had failed to discuss any material on the basis of which it could come to the conclusion that 13% net profit rate was justified.... - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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