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2013 (11) TMI 1051 - GUJARAT HIGH COURTBogus purchases/sales - Held that:- The assessee relied upon the decision in Commissioner of Income Tax vs. President Industries [1999 (4) TMI 8 - GUJARAT High Court] - The tribunal has failed to consider and/or deal with the decision cited and relied upon by the assessee - All these appeals are required to be remanded to the tribunal to consider the addition made by the Assessing Officer towards alleged bogus purchases/sales and to take appropriate decision in accordance with law and on merits - The issue was restored for fresh decision.
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