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Income Tax - Highlights / Catch Notes

Home Highlights July 2015 Year 2015 This

Addition on account of bogus purchases - It was for the ...


Court Examines Alleged Bogus Purchases; Assessee Fails to Prove Payment Legitimacy in Supplier Transactions.

July 22, 2015

Case Laws     Income Tax     AT

Addition on account of bogus purchases - It was for the assessee to explain as to how the payments are genuine and they were made to the supplier. No such assertions are discernible from the reply of the assesse - AT

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