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PCIT v. Ashwin Purshotam Bajaj (2023)456 ITR 365 /155 taxmann.com 478 (Bom)(HC)

S. 69 : Unexplained investment-Bogus purchases-Accommodation entries-Estimation of 12.5 Per cent on alleged bogus purchases is affirmed. [S. 69C]

Dismissing the appeal of the Revenue the Court  held that  the Tribunal is justified in estimating the gross profit at 12.5 per cent on alleged bogus purchases.  (AY.2009-10)

PCIT v. Ashwin Purshotam Bajaj (2023)456 ITR 365 /155 taxmann.com 478  (Bom)(HC)