Bogus purchases - AO estimated 10% of the bogus purchase - CIT ...

CIT (A) Upholds AO's Decision: 10% of Purchases Deemed Bogus Despite Payment Evidence; Bills and Vouchers Insufficient.

September 17, 2020

Case Laws Income Tax AT

Bogus purchases - AO estimated 10% of the bogus purchase - CIT (A) enhanced the addition - producing the bills and vouchers and evidencing the payment made through cheque alone will not establish that the transactions are genuine - Additions of 10% made by AO confirmed. - AT

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Bogus purchases - AO estimated 10% of the bogus purchase - CIT ...

CIT (A) Upholds AO's Decision: 10% of Purchases Deemed Bogus Despite Payment Evidence; Bills and Vouchers Insufficient.

September 17, 2020

Case Laws Income Tax AT

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