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2018 (1) TMI 234 - AT - Income TaxAddition of bogus purchases - Held that:- The co-ordinate bench has already taken a view on identical additions made in the assessee’s own case in the other years, wherein the addition was confirmed to the extent of 12.50% of the value of purchases. Since there is no change in facts, we are inclined to follow the same. Accordingly we set aside the order passed by Ld CIT(A) and direct the AO to restrict the addition to 12.50% of the value of bogus purchases. Appeal of the assessee is partly allowed.
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