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2002 (11) TMI 70 - RAJASTHAN HIGH COURTReference application - During the assessment proceedings for the assessment year 1984-85, under appeal, the Assessing Officer found certain transactions made by the assessee with two sister concerns named (i) Sancheti Trading Co., (ii) Abhay Sales Agency, a proprietary concern of Shri Narendra Kumar, and one outsider named Shri Parasmal Kanaji to be sham and bogus just to avoid tax effect. The Assessing Officer made addition of Rs. 2,73,809 treating the same as concealed income of the assessee in the shape of profit diverted in the name of Parasmal Kanaji and connected sister concerns. - no referable question of law arises. The reference application is rejected.
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