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2017 (6) TMI 11 - AT - Income TaxAddition on bogus purchases - Held that:- It would be reasonable and proper if the addition is sustained to the extent of 10% of the bogus purchase as the purchases were made in cash totally and the there were lot discrepancies in the books of account of the assessee and therefore, in the present case it would be fair and reasonable if the addition is restricted and sustained to 10% of the total purchases in order to cover the leakages of revenue. - Decided partly in favour of assessee.
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