Tribunal Rejects Additions Based on Third-Party Statements; Upholds Genuineness of Transactions Confirmed by Revenue Authorities.

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....Bogus purchases - tribunal hold that no addition can be made merely on the basis of the statement recorded by the third party i.e. Sales Tax Department - two Revenue authorities have recorded concurrent finding with regard to the genuineness of the transactions, hence not like to disturb the same in the present appeal - no substantial question of law....