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Income Tax - Highlights / Catch Notes

Home Highlights August 2019 Year 2019 This

Addition u/s 69C - bogus purchases - Enquiries conducted by the ...

Income Tax

August 17, 2019

Addition u/s 69C - bogus purchases - Enquiries conducted by the AO prove the fact that purchases from the above parties are bogus which are not supported by necessary evidence - AO was right in making 100% addition towards bogus purchases u/s 69C.

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  10. Bogus purchases - addition @ 12.5% of the bogus purchases - accommodation entries - no actual delivery of goods - notices issued u/s 133(6) were returned back unserved...

 

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