Arm twisting stratergy

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..... Arm twisting stratergy
Query (Issue) Started By: - dakshesh shah Dated:- 7-3-2015 Income Tax
Income Tax
Dear Sir, Please guide us what to do regarding issue of IT related to bogus purchase. .....

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..... We are told by IT that we should accept amount and pay as per the 12.5% profit ratio for eg: - if purchase of ₹ 1000000/- is bogus purchase as per them then we have to accept 12.5% prof .....

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..... it and on that profit they will charge 30% income tax + interest + Penalty if we accept this way or if we dont then they will charge whole 12.5% (known as 100% addition) and they will issu .....

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..... e order. Please guide us what a common person should do about this.
Discussion Forum - Knowledge Sharing .....

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