Bogus purchases - Even if the transaction is not verifiable, the ...

Tax Only the Income Part of Bogus Purchases, Not Whole Transaction; Disallow Reasonable Percentage to Prevent Revenue Loss.

December 30, 2019

Case Laws Income Tax AT

Bogus purchases - Even if the transaction is not verifiable, the only taxable is the taxable income component and not the entire transaction. - in order to fulfill the gap of revenue leakage the disallowance of reasonable percentage of such purchases would meet the end of justice.

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Bogus purchases - Even if the transaction is not verifiable, the ...

Tax Only the Income Part of Bogus Purchases, Not Whole Transaction; Disallow Reasonable Percentage to Prevent Revenue Loss.

December 30, 2019

Case Laws Income Tax AT

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