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2016 (2) TMI 888 - AT - Income TaxBogus purchase - addition as assessees income - Held that:- AO was not justified in holding that the entire bogus purchases by the assessee from the aforesaid two parties in the assessee’s undisclosed income. The assessee had earned commission @ 5% for clandestinely facilitating the bogus transactions of the parties to purchases and sales.
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