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Considering the nature of asessee s business the G.P rate of 10 is quite acceptable. Since the declared profit of 11.67 was more than the rate of 10 the CIT(A) has rightly chosen to delete the entire addition. - Tri

Income Tax - Considering the nature of asessee’s business, the G.P rate of 10% is quite acceptable. Since the declared profit of 11.67% was more than the rate of 10%, the CIT(A) has rightly chosen to .....

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