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2020 (11) TMI 521 - AT - Income TaxEstimation of income - Bogus purchases - HELD THAT:- As relying on M/s. Amy Diam Vega Jewellery Pvt. Ltd [2017 (10) TMI 236 - ITAT MUMBAI] we direct the Assessing Officer to estimate the profit element from bogus purchases @4% and recompute the income of the assessee.
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