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Income Tax - Highlights / Catch Notes

Home Highlights April 2018 Year 2018 This

Addition of bogus purchases - There is no doubt that these ...

Income Tax

April 5, 2018

Addition of bogus purchases - There is no doubt that these parties are non-existent - purchase bills from these non-existent the/bogus parties cannot be taken as cogent evidence of purchases, in light of the overwhelming evidence the revenue authorities cannot put upon blinkers and accept these purchases as genuine. - AT

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