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2020 (12) TMI 1185 - AT - Income TaxEstimation of income - bogus purchases - CIT(A) restricting the disallowance of purchases to 12.5% as against 15% done by the AO - HELD THAT:- CIT(A) considered this aspect of the matter elaborately with reference to the submissions of the assessee and the averments in the Assessment Order and following case of CIT v. Simit P. Sheth [2013 (10) TMI 1028 - GUJARAT HIGH COURT] correctly restricted the disallowance to 12.5% of the non-genuine purchases. Appeal of the Revenue is dismissed.
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