Bogus purchases - CIT- A estimated profit from Hawala purchases ...

Income Tax

January 27, 2020

Bogus purchases - CIT- A estimated profit from Hawala purchases by disallowing only 12.5% of the bogus purchases - Anyhow, on seeing the facts and circumstances, it seems quite justifiable to restrict the addition to the extent of 12.5% of the bogus purchase.

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Bogus purchases - CIT- A estimated profit from Hawala purchases ...

Income Tax

January 27, 2020

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