AO Cannot Reject Purchases as Bogus if Sales Aren't Doubted; Profit Margin Addition by CIT(A) Appropriate.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Bogus purchases - When the AO has not doubted the sales declared by the assessee and merely rejecting the purchases is not proper. Assessee must have taken advantage by taking accommodation entries - Additions made by CIT(A) on profit margin is proper - AT....