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Addition of bogus purchases of machinery - the proceedings before Sales Tax Department alone could not be the sole basis of addition in the hands of assessee before Income Tax Authorities - Section 69 had no applicability since the machinery was duly recorded in the books of accounts - Tri

Income Tax - Addition of bogus purchases of machinery - the proceedings before Sales Tax Department alone could not be the sole basis of addition in the hands of assessee before Income Tax Authorities - Section 69 had no applicability since the machinery was duly recorded in the books of accounts - Tri - TMI Updates - Highlights .....

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