Assessee Clears Initial Burden u/s 69C; FAA Rules Against Applying It Due to Lack of AO Evidence.

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....Addition u/s 69C - the assessee had discharged the initial burden. It was duty of the AO to rebut the evidences produced by the assessee. But, he did not bring anything on record. - the FAA had rightly held that the provisions of section 69C cannot be invoked for bogus purchases - AT....