Bogus purchases u/s 69C - Search action u/s 132 at the premises ...

Search u/s 132 Finds No Evidence of Bogus Purchases; CIT (Appeals) Deletes Additions u/s 69C.

May 18, 2021

Case Laws Income Tax AT

Bogus purchases u/s 69C - Search action u/s 132 at the premises of assessee and certain incriminating material indicating the bogus purchases shown by the assessee was recovered - The seized material is only for the purpose of calculating rebate and there is no such evidence regarding fake purchases for the purpose of Income Tax. - CIT(A) rightly deleted the additions - AT

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Bogus purchases u/s 69C - Search action u/s 132 at the premises ...

Search u/s 132 Finds No Evidence of Bogus Purchases; CIT (Appeals) Deletes Additions u/s 69C.

May 18, 2021

Case Laws Income Tax AT

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