Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2015 (6) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2015 (6) TMI 1087 - ITAT JAIPURDisallowance of unverifiable purchases - rejection of books of accounts U/s 145(3) - Held that:- As decided in the case of Shri Anuj Kumar Varshney Vs. I.T.O.[2015 (4) TMI 533 - ITAT JAIPUR] disallowances has been held reasonable on considering the detail discussion on facts and legal position on unverifiable purchases/bogus purchases. Accordingly, we also apply 15% disallowances on unverifiable purchases in this case also. The Assessing Officer is directed to recalculate the income as per above direction.
|