2023 (6) TMI 1077

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..... rchases cannot be treated as bogus sales - Disallowance of interest paid to Hawala operators be deleted as when the loan was received had not disallowed same as not genuine, having not disallowed the principal as not genuine, there is no justification for making any disallowance of interest paid to the above parties. HELD THAT:- We are not inclined to interfere with the impugned judgment and or .....

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