CIT Confirms Additions for Bogus Purchases u/s 263 After Assessee Fails to Dispute Fraudulent Creditor Information.

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....Revision u/s 263 by CIT - Bogus purchases - CIT had clear cut information that the creditors relating to these purchases were bogus. He had given sufficient opportunities to the assessee during the revisionary proceedings to counter this fact, but the same was not done by the assessee. - Additions confirmed - AT....