63 results for “bogus purchases”+ Addition to Incomeclear
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addition apparently unjustified. In light of these facts, it appears that the addition of Rs. 9,22,75,684/- was made arbitrarily without due inquiry and consideration of the explanation provided by the assessee. Therefore, we are inclined to allow the appeal of the assessee on this ground and direct the deletion of the addition. 55.1 Therefore, considering the fact