Addition on account of bogus sale - accommodation entries - ...

Income Tax

August 22, 2013

Addition on account of bogus sale - accommodation entries - Assessee has failed to produce any credible evidence to establish that cash sales were effected of brass scrap. The surrounding circumstances also show that there was no man-power available with the assessee to deal with the huge quantity of brass scrap. - additions confirmed - AT

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Addition on account of bogus sale - accommodation entries - ...

Income Tax

August 22, 2013

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