TMI BlogEntire Amount of Bogus Purchases Disallowed; AO Establishes Fraudulent Nature Without Rejecting Books of Account.Addition on unverified purchases - Even though the books of account have not been rejected, since the AO has clearly established that the purchases were bogus, there is no justification for accepting the contentions of the AR that only part of the purchase should be disallowed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|