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2012 (1) TMI 218 - AT - Income TaxExtract: .......d in respect of bogus bills. Hence, the trading results cannot be accepted. However, looking to the quantum of the bogus purchases, we feel that it will be fair and reasonable to restrict the trading addition to ₹ 40,000/-. 3. In the result, the appeal of the assessee is partly allowed. The order is pronounced in the open Court on 25-01-2012.
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