TMI BlogEstimation of profit of Suppressed turnover - Generally in real estate/contract cases, profit is...Estimation of profit of Suppressed turnover - Generally in real estate/contract cases, profit is estimated at 12.5%. As assessee has mostly sold real estate plots, we are of the opinion that estimation of income at 12.5% on the suppressed turnover will meet the ends of justice. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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