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Disallowance of whole of Purchases based on some bogus purchases, Income Tax |
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Disallowance of whole of Purchases based on some bogus purchases |
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Can AO disallow the whole of purchases based on the fact that some bills have found to be bogus.Also when the same has been purchased through a broker of the assessee and relevant brokerage paid. Please also provide with relevant case laws if Any Posts / Replies Showing Replies 1 to 1 of 1 Records Page: 1
Where the question is of fact, it is the factual position which would help to determine the issue. Apparently, where only some of bill are found as bogus, AO should make addition only in that respect. Expenditure supported by genuine bills can not be ignored. Page: 1 Old Query - New Comments are closed. |
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