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Bogus purchases - addition made u/s 69C - assessee is making local purchases without any transportation bills, delivery challans etc., the possibility of the Assessee making purchases in grey market on cash cannot be ruled out - AO directed to disallow 2% of the above purchases to meet the anomalies - Tri

Income Tax - Bogus purchases - addition made u/s 69C - assessee is making local purchases without any transportation bills, delivery challans etc., the possibility of the Assessee making purchases in grey market on cash cannot be ruled out - AO directed to disallow 2% of the above purchases to meet the anomalies - Tri - TMI Updates - Highlights .....

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