Disallowance of whole of Purchases based on some bogus purchases

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..... Disallowance of whole of Purchases based on some bogus purchases
Query (Issue) Started By: - Karna Thaker Dated:- 22-12-2010 Last Reply Date:- 21-6-2011 Income Tax
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Income Tax
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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. Plea .....

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..... se also provide with relevant case laws if Any Reply By Surender Gupta: The Reply: Where the question is of fact, it is the factual position which would help to determine the issue. Apparently, wher .....

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..... e 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.
Discussion Forum - Knowledge Sharing .....

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