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2012 (12) TMI 626 - ITAT CHENNAIDisallowance on account of bogus trade creditors - Assessee submit computer generated ledger copy, copy of bank statement of the assessee in which payments made and copy of sales tax assessment order of creditor by Assistant Commissioner (CT) FAC, for A.Y. 2006-07 – Held that:- As the AO has accepted the purchases effected from this party and the trading results have not been disturbed and addition has been made on the closing balance as on 31.3.2007. The AO has not found these transactions to be non-genuine with the help of evidence. The assessee produced the copies of bills, bank statement and the sales tax order. Therefore, respectfully following the order of the Tribunal in assessee’s own case and deleting the addition. Appeal decides in favour of assessee
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