Court Orders 5% Disallowance on Alleged Bogus Purchases Documented with Accommodation Entries in Grey Market Transactions.

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....Bogus purchases - accommodation entry - at best it would be a case that purchases have been made from one party in grey market and bills have been obtained from another party therefore, the purchases themselves cannot be said to be bogus as the same is duly recorded in the books and such books stands accepted by AO - directed to disallow @ 5% of the total alleged bogus purchases....