Court Confirms Additions for Bogus Purchases; Assessee Fails to Prove Vendor Legitimacy in Tax Evasion Case.

Bogus purchases - assessee wants the Revenue to produce assessee’s own vendors, whom the assessee could not produce. The purchase bills from these non-existent/bogus parties cannot be taken as cogent evidence of purchases - Additions and relief granted by the AO & CIT(A) confirmed. .....

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