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1998 (10) TMI 43 - HC - Income TaxExtract: .......he assessee himself stated that if at all concealment was there with regard to bogus purchases, that could be taken at Rs. 1,61,459. On these facts nothing but a clear inference of, concealment could be drawn by the authority. In the result, we answer both the questions in the affirmative, that is, in favour of the Revenue and against the assessee.
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