TMI BlogEstimation of income - bogus purchases - when the purchases are held to be bogus and only certain...Estimation of income - bogus purchases - when the purchases are held to be bogus and only certain percentage only to be disallowed - assessee has already declared profit @ 9% (confirmed by AO) the net difference of 3.5% (12.5 - 9) should be considered for disallowance. Accordingly, we direct Assessing Officer to disallow @ 3.5% of the alleged bogus purchases. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
