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Income Tax - Highlights / Catch Notes

Home Highlights January 2013 Year 2013 This

Bogus purchases - Disallowance merely on the basis of suspicion ...


High Court Rules Suspicion Alone Insufficient to Deny Purchases Without Solid Evidence Against Sellers and Agents.

January 5, 2013

Case Laws     Income Tax     HC

Bogus purchases - Disallowance merely on the basis of suspicion because the sellers and the canvassing agents have not been produced before them is not warranted - HC

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