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2011 (11) TMI 733 - AT - Income TaxUnexplained investment/ purchases u/s 69 - bogus purchases - Held that:- The purchases made by the assessee are real and genuine for which the payments have been made through banking channels. Further it is confirmed that the sales made by the assessee were effected and the consideration was received by cross order cheques. Hence additions made by the AO deserves to be deleted in its entirety - Decided in favor of Assessee
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