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Bogus purchases - G.P. addition - if the AO finds that the GP ...


Income Tax: Addressing Bogus Purchases and GP Discrepancies; Addition Limited to Lower GP from Specific Parties.

January 16, 2016

Case Laws     Income Tax     AT

Bogus purchases - G.P. addition - if the AO finds that the GP disclosed in respect of purchases from these three parties is lower than the GP disclosed in respect of other undisputed purchase, addition should be made to that extent only - AT

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