Reopening of assessment u/s 147 - Bogus purchases - AO directed ...
Income Tax
May 28, 2020
Reopening of assessment u/s 147 - Bogus purchases - AO directed to confirm the addition to the extent of 2% of the purchase amount involved in the alleged accommodation entry obtained by the assessee and further addition of 5 % to the extent of investment in goods procured by the assessee which has been sold.
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