Assessing Officer Confirms Entire Fraudulent Purchases; Rejects Argument for Partial Disallowance Due to Lack of Justification.
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....Addition on account of bogus purchases - Even though the books of account have not been rejected, since the AO has clearly established that the purchases were bogus, there is no justification for accepting the contentions of the AR that only part of the purchase should be disallowed....




TaxTMI
TaxTMI