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2020 (9) TMI 621 - AT - Income TaxBogus purchases u/s 69C - purchases allegedly made by the assessee from the concerned Hawala parties as unexplained expenditure - CIT-A restricted addition to 3% - HELD THAT:- Disallowance of 3% made by the CIT(A) of the purchases in dispute is fair and reasonable and there is no justifiable reasons to interfere with the same. We accordingly uphold the impugned order of the ld. CIT(A) giving relief to the assessee on this issue and dismiss this appeal of the Revenue.
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