Addition on unverified purchases - Even though the books of ...

Entire Amount of Bogus Purchases Disallowed; AO Establishes Fraudulent Nature Without Rejecting Books of Account.

August 28, 2017

Case Laws Income Tax AT

Addition on unverified purchases - Even though the books of account have not been rejected, since the AO has clearly established that the purchases were bogus, there is no justification for accepting the contentions of the AR that only part of the purchase should be disallowed.

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Addition on unverified purchases - Even though the books of ...

Entire Amount of Bogus Purchases Disallowed; AO Establishes Fraudulent Nature Without Rejecting Books of Account.

August 28, 2017

Case Laws Income Tax AT

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