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Income Tax - Case Law - Income-tax Officer Versus M/s. OMRS Wines 2013 (8) TMI 626 - ITAT HYDERABAD

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Penalty u/s 271(1)(c) - CIT estimated profit rate 5 - Held that - Tribunal in a large number of cases of assesses, carrying liquor trade has directed estimation of profit at the rate of 5 on the sales turnover of the ass.......... Income Tax - Case Law

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