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2017 (11) TMI 1141 - AT - Income TaxBogus purchases - estimation of income - Held that:- We modify the order of the Ld. CIT(A) and sustain the addition of 12.5% of the total amount of bogus purchases determined by the AO. We therefore, partly allow the appeal of the revenue and direct the AO to compute the addition @ 12.5% of the total amount of bogus purchases.
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