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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Addition of bogus purchases - allegation made by the VAT ...

Income Tax

March 29, 2017

Addition of bogus purchases - allegation made by the VAT Department that the suppliers are Hawala operators - The grievance of the VAT authorities was on non-payment of VAT on purchases happened. Thus, purchases made cannot be denied on the basis of aforesaid allegation. - AT

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