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Income Tax - Highlights / Catch Notes

Home Highlights June 2013 Year 2013 This

Both the purchases and sales are bogus and only book entries. - ...


Bogus Transactions Deemed Fake: Entries Used to Create False Records and Aid Tax Evasion Under Investigation.

June 25, 2013

Case Laws     Income Tax     AT

Both the purchases and sales are bogus and only book entries. - Such transactions are generally made to extend bogus entries to other concerns in order to help them to evade tax - AT

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