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2012 (2) TMI 548 - AT - Income TaxAddition of bogus purchases and payments - Held that:- The present assessee who has been maintaining cash book, purchase register, sales register, stock register, ledger account etc., and also his case comes under the purview of the provisions of section 44AB Act. We are of the firm view that if the disallowance is restricted/sustained to the extent of 12.5% on account of the bogus purchases, it would meet the ends of justice. It is, therefore, ordered accordingly. Revenue’s appeal is dismissed.
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