Verification of genuineness of transactions

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..... y must keep in mind that mere production of statutory forms does not establish the genuineness of transactions and before granting exemption, corroborative evidences have to be weighed and meticulous scrutiny of books of accounts and other relevant documents has to be made. In case of large value transactions and in case of any doubt or defect in the statutory forms, the genuineness of the forms m .....

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