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2021 (3) TMI 765 - AT - Income TaxEstimation of income - bogus purchases - bench asked that if assessee is ready for 8% of the addition of total purchases than matter can be heard - HELD THAT:- It is pertinent to note here sales were not disputed by the lower authorities so we just failed to understand how purchases can be doubted. So ultimately, Ld. A.R. agreed for 8% addition of the total sales amount. We agree with the proposal of 8% of addition. Appeal field by the Assessee is partly allowed.
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