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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Trading addition on account of bogus purchase - Merely ...


Non-appearance of supplier alone can't justify bogus purchase claim without corroborative evidence, says court.

April 15, 2017

Case Laws     Income Tax     AT

Trading addition on account of bogus purchase - Merely non-appearance of the supplier in absence of any other corroborate evidence cannot be a basis to justify the stand of the Revenue that the transaction of purchase is bogus - AT

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