162 results for “bogus purchases”+ Set Off of Lossesclear
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loss account are not genuine and 19 rejected the books result of assessee. The Assessing Officer disallowed the entire purchases shown from the seven entities allegedly managed by Pravin Kumar Jain. The ld CIT(A) upheld the addition of the disputed / bogus purchases to the extent of 5% 17. The Ld. CIT(A) held that the Assessing Officer