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Income Tax - Highlights / Catch Notes

Home Highlights January 2017 Year 2017 This

Estimation of profit @ 8% on the alleged bogus purchases - the ...

Case Laws     Income Tax

January 18, 2017

Estimation of profit @ 8% on the alleged bogus purchases - the assessee has failed to prove beyond doubt that the purchases made from the concerned parties are genuine, there is no other option but to estimate the profit element embedded in the bogus purchases - AT

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