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Court Rejects Financial Books for Under-Invoicing u/s 145; Taxpayer Fails to Justify Sales Below Purchase Price.

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....Rejection of books u/s 145 - Addition on account of alleged under-invoicing of sales made - There is no evidence or explanation as to why it has sold the items less than the purchase price by making loss of ₹ 38.40 per kg which resulted in under invoicing - assessee is unable to substantiate its claim with any evidence or valid explanation.....

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