Tax Case: 6% Disallowance on Bogus Purchases Upheld; Full Disallowance Deemed Unsustainable by Appeals Commissioner.
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....Disallowance of bogus purchase - Since, sales have not been doubted; entire disallowance of purchase is not sustainable - 6% disallowance of bogus purchase sustained by the Commissioner of Income Tax (Appeals) is appropriate - AT....




TaxTMI
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