TMI BlogBogus purchases - assessee has shown purchases from ‘A’ but actually procured the material from ‘B’. In...Bogus purchases - assessee has shown purchases from ‘A’ but actually procured the material from ‘B’. In this exercise, the assessee might have saved Excise Duty etc. - If that factor has been proved demonstrating the complete details of purchases as well as sales, then 100% of the purchases by terming it as bogus could not be added. In the absence of these details, additions confirmed - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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