The parties from whom the assessee has claimed to have purchased ...

Income Tax

June 15, 2016

The parties from whom the assessee has claimed to have purchased goods have admitted before the sales tax authorities that they have given only accommodation bills without actually supplying goods. In our view, this information received by the AO was sufficient to form belief that there was escapement of income - AT

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The parties from whom the assessee has claimed to have purchased ...

Income Tax

June 15, 2016

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