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2016 (11) TMI 1464 - RAJASTHAN HIGH COURT
Bogus purchases - Held that:- Considering the law declared by the Supreme Court in the case of Vijay Proteins Ltd. Vs. Commissioner of Income Tax [2015 (4) TMI 1146 - SUPREME COURT ] wherein confirmed the order passed by the Gujarat High Court and other decisions of the High Court of Gujarat in the case of Sanjay Oilcake Industries Vs. Commissioner of Income Tax (2008 (3) TMI 323 - GUJARAT HIGH COURT) and N.K. Industries Ltd. Vs. Dy. C.I.T. [2016 (6) TMI 1139 - GUJARAT HIGH COURT ]. Justification in disallowing 25% of the purchase price.