Bogus purchases - AO’s observation that none of the architects ...

Income Tax

February 16, 2021

Bogus purchases - AO’s observation that none of the architects can find out the actual material, steel bars used construction of any building of 2 to 3 years cannot be accepted as the consumption of the material can be well estimated from the drawings and the site books. - Inspector report cannot be given credence as the party was found to be genuine on enquiry. - no addition is warranted - AT

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Bogus purchases - AO’s observation that none of the architects ...

Income Tax

February 16, 2021

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