TMI BlogEstimation of profit - purchase from hawala operators - bogus purchases - CIT(A) estimated GP @ 17.5% on...Estimation of profit - purchase from hawala operators - bogus purchases - CIT(A) estimated GP @ 17.5% on alleged bogus purchases as against 7.11% declared by the assessee - if GP is estimated to tune of 12.5% of the purchases from these alleged hawala operators which will cover any leakage of Revenue by way of VAT, commission etc. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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