Levy of penalty u/s 271(1)(c) - addition of unexplained sundry creditor - bogus purchases - the...

Levy of penalty u/s 271(1)(c) - addition of unexplained sundry creditor - bogus purchases - the nonpayment of purchase consideration is a strong circumstance regarding non-genuineness of transactions and stands on its own de hors any other evidence. - AT .....

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