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Income Tax - Highlights / Catch Notes

Home Highlights October 2020 Year 2020 This

The addition made by the AO except the addition made on account ...

Income Tax

October 26, 2020

The addition made by the AO except the addition made on account of bogus purchases which was the subject matter of reassessment, are not sustainable. Once, it is established that the AO has made fishing and roving enquiry, the additions made as a result of such enquiry cannot be confirmed - AT

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  3. Bogus purchases - In a case where sales are considered genuine, no addition, on account of bogus purchases, can be made - AT

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