Arm twisting stratergy

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..... Dear Sir, Please guide us what to do regarding issue of IT related to bogus purchase. We are told by IT that we should accept amount and pay as per the 12.5% profit ratio for eg: - if purchase of .....

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..... ₹ 1000000/- is bogus purchase as per them then we have to accept 12.5% profit and on that profit they will charge 30% income tax + interest + Penalty if we accept this way or if we dont .....

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..... then they will charge whole 12.5% (known as 100% addition) and they will issue order. Please guide us what a common person should do about this. - Arm twisting stratergy - Query Started By .....

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..... : - dakshesh shah Dated:- 7-3-2015 Income Tax - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement .....

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..... - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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