Penalty u/s 271(1)(c) - bogus purchase found during search - as per a specific provision of explanation...

Penalty u/s 271(1)(c) - bogus purchase found during search - as per a specific provision of explanation 5A assessee has been found to be owner of undisclosed income by furnishing inaccurate particulars of income, based upon entry of bogus purchases in its books of account - penalty confirmed - AT .....

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