Additions on account of bogus purchases - accommodation bills - ...

ITAT Cannot Increase AO's Disallowance Beyond 20% on Bogus Purchases; Revenue's Full Disallowance Claim Rejected.

November 8, 2013

Case Laws Income Tax AT

Additions on account of bogus purchases - accommodation bills - AO only restricted to 20% of purchases claimed, it is surprising that the revenue now contends that the entire amount is disallowable. When Assessing Officer did not make disallowance of entire amount, ITAT can not improve upon the order of Assessing Officer - AT

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Additions on account of bogus purchases - accommodation bills - ...

ITAT Cannot Increase AO's Disallowance Beyond 20% on Bogus Purchases; Revenue's Full Disallowance Claim Rejected.

November 8, 2013

Case Laws Income Tax AT

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