Bogus purchases : Where Assessing Officer treated entire purchases made by assessee from two parties as bogus purchases and made addition to assessee’s income invoking section 69C, since assessee had filed details of purchases made and corresponding quantity of sales made, entire purchases could not have been added to income of assessee; only profit element in alleged purchase to be added to assessee’s income – Heena Gems v. ACIT – [2024] 166 taxmann.com 160 (Mumbai – Trib.)
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