Disallowance of purchases - Even if the purchases are not ...

Income Tax

June 4, 2018

Disallowance of purchases - Even if the purchases are not genuine or are bogus the entire addition to the income of the assessee is uncalled for and wrong. The purpose of the statute is only to tax the income of the assessee, which is only a fraction of the total purchases. - AT

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Disallowance of purchases - Even if the purchases are not ...

Income Tax

June 4, 2018

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