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2020 (11) TMI 932 - AT - Income TaxBogus purchases u/s 69C - CIT-A restricted the addition to 25% of the alleged bogus purchases - HELD THAT:- As relying on own case [2018 (2) TMI 346 - ITAT MUMBAI] we direct the ld. AO to adopt the profit percentage @12.5% minus gross profit already declared by the assessee with regard to the disputed purchases. No arguments by way of any contrary decisions were submitted by the ld. DR before us with regard to the impugned issue. Accordingly, the grounds raised by the assessee as well as by the revenue on merits are disposed off in the aforesaid manner.
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