Bogus purchases - profit @12.5% upheld - purchases through the ...

Income Tax

March 20, 2019

Bogus purchases - profit @12.5% upheld - purchases through the grey market - reduction of gross profit already shown and offered to tax from profits earned by the assessee on bogus purchase transaction @12.5% is permissible.

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Bogus purchases - profit @12.5% upheld - purchases through the ...

Income Tax

March 20, 2019

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