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2019 (4) TMI 1105 - AT - Income TaxBogus purchases addition u/s 69C - accommodation entries - HELD THAT:- CIT(A) after considering the facts of the case had granted relief to the assessee by restricting the additions u/s 69C @ 3% over and above regular profit disclosed by the assessee. Even before us, no new facts or contrary judgments have been brought on record before us in order to controvert or rebut the findings so recorded by Ld. CIT(A). Therefore, there are no reasons for us to interfere into or deviate from the findings so recorded by the Ld.CIT(A). Hence, we are of the considered view that the findings so recorded by the Ld. CIT (A) are judicious and are well reasoned. - Decided against assessee Adhoc disallowance @ 10% on the Conveyance, Telephone and Travelling charges - HELD THAT:- CIT(A) after appreciating the facts of the case had granted partial relief to the assessee by restricting the additions. Since the Assessee could not prove the absence of personal element involved in the expenses claimed, therefore, Ld. CIT(A) had rightly upheld the remaining additions. Even before us, no new facts or contrary judgments have been brought on record before us in order to controvert or rebut the findings so recorded by Ld. CIT(A). Therefore, there are no reasons for us to interfere into or deviate from the findings so recorded by the Ld.CIT(A). Hence, we are of the considered view that the findings so recorded by the Ld. CIT (A) are judicious and are well reasoned - Decided against assessee
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