Bogus purchases - it is settled law that when sales are not ...
Court Rules 100% Disallowance for Bogus Purchases Impermissible if Sales Are Undisputed: Purchases Must Be Real.
March 14, 2019
Case Laws Income Tax AT
Bogus purchases - it is settled law that when sales are not doubted, 100% disallowance for bogus purchase cannot be done. The rationale being no sales is possible without actual purchases.
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