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Bogus purchases - applicability of sec 69/69A - The onus for the gain associated with the procurement of bills (and purchase of goods from the grey market), we may add, is on the Revenue. - The addition for 1% of the impugned purchases (u/s. 69C) is, in any case, confirmed. - Tri

Income Tax - Bogus purchases - applicability of sec 69/69A - The onus for the gain associated with the procurement of bi .....

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