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Section 68 Addition on Bogus Accommodation Entries Deemed Unsustainable Due to Lack of Evidence and Presumptions.
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....Addition u/s 68 - bogus accommodation entry - There is no presumption that the people having smaller income cannot make small savings. Moreover, there is no linkage on record of these persons, the company allegedly providing bogus entries - the addition is totally on hypothesis which is not sustainable in law - AT....
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