Bogus transactions - Once income had not accrued to the assessee ...

Income Tax

April 25, 2015

Bogus transactions - Once income had not accrued to the assessee in the real sense, then the original return represents wrong statement which was corrected by the assessee by filing a revised return. Therefore, no hypothetical income of the assessee could have been brought to tax. - HC

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Bogus transactions - Once income had not accrued to the assessee ...

Income Tax

April 25, 2015

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