Expenses Can't Be Denied Just for Non-Appearance; Valid Evidence Supports Real Purchases, Not Bogus Claims.

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....Disallowance of expenses on account of bogus purchases - Merely on account of non appearance of parties, purchase transactions conducted with them could not be said to be bogus when otherwise the assessee had filed all relevant evidences in support and the book results of the assessee were accepted including sales made by it. - AT....