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Bogus Purchase Bill, Income Tax

Issue Id: - 109595
Dated: 23-12-2015
By:- Prashant Premlani

Bogus Purchase Bill


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Dear Sir,

My purchases have been proved to be bogus.Will sales related to such purchase will also be bogus and assessee will be able to claim lower tax benefit.Please refer case law or section supporting answer.

Thanks & Regards

Prashant

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 23-12-2015
By:- Ganeshan Kalyani
If bogus purchase is made then the set off is reduced by that amount resulting in payment of tax. Some case stated that though bogus purchase is made purchaser will be allowed to take the credit.

Page: 1

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